Spain Biological assets


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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!
 
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kirby

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Gain is recorded at sale only.
 

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