changes in fair value of a biological asset should be recognized in
statement of profit or loss
given statement is true. asset value x of loss from realized threat i agree w/ the pp. have him evaluated for free at &quot;early intervention&quot;. in oil and petroleum refineries, process costing may be adopted more suitably. it's fair to tell them that without reparations the "precautionary principle" and the "polluter pays principle" are part of the environmental law of our country. fixed a quantity which can very from one individual to another is called a variable. answer: (3) recognition of costs associated with the acquisition of the fixed assets on the income statement. none of the costs associated with the acquisition of the fixed assets (mowing equipment and truck) have been recognized as expenses on the income statement.the fixed assets of the business provide benefits to the company and its users over its economic lite. depreciation allocates the cost of long-term fixed assets to expense over its useful/ economic lite. the benefit provided by the company during the period should be recognized as an expense in that period.the recognition of depreciation expense on the income statement will result in reducing the net income. please find the attached solution in doc file. the presumption of continuance of life is contained in section \_\_\_\_\_\_\_\_\_ of the evidence act.