Facts
An entity has these balances in its financial records:
|
$m |
|
|
Value of biological asset at cost 12/31/X1 |
600 |
|
Fair valuation surplus on initial recognition at fair value 12/31/X1 |
700 |
|
Change in fair value to 12/31/X2 due to growth and price fluctuations |
100 |
|
Decrease in fair value due to harvest |
90 |
Required
Show how these values would be incorporated into the financial statements at December 31, 20X2.