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How can i measure Fair value of agricultural land.

The land is cultivated a bit and have just started growing crops

asked Jun 8, 2014 in IAS 41 - Agriculture by anonymous

1 Answer

0 votes
You have to get professional evaluation company to valuate the land.

or to get an approximate value, you can check the prices going for the lands next to it, and try to get average / acre, and multiply with your 42
answered Sep 14, 2014 by anonymous