After looking at the attachment, how much should Marko report as net gain from change in fair value of biological assets for the quarter? Transcribed Image Text: Marko Corporation has several assets for classification as biological assets. After
reviewing the data gathered shown in the image, how much should Marko report
as net gain from change in fair value of biological assets for the quarter?
Cocoa pods kept
in storage for
the whole period
Cows and
Cocoa Trees
Sheep
Cost
P300,000
P400,000
Carrying Value, April 1, 2020
Increase or (decrease) in
value from price change
Increase or (decrease) in
value from physical change
800,000
900,000
P 200,000
(40,000)
(50,000)
20,000
100,000
180,000
50,000
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