Hi Everyone,
when starting a fish farm from Zero, and purchasing the juveniles, let's say month 3, should I account as a gain arising from changes in fair value of biological assets, the value of the juvenile + the feed consumed?
If I do that, and I dodo not have sales that month, I will have a profit and income taxes for a "fake income"?
I do not know how to figure out this. Thanks a lot!
when starting a fish farm from Zero, and purchasing the juveniles, let's say month 3, should I account as a gain arising from changes in fair value of biological assets, the value of the juvenile + the feed consumed?
If I do that, and I dodo not have sales that month, I will have a profit and income taxes for a "fake income"?
I do not know how to figure out this. Thanks a lot!
