Biological Assets

Biological assets are living animal or plants in agricultural activity.

Group of biological assets – aggregation of similar assets.

Agricultural products is the harvested product of the entity’s  biological assets.

Harvest is the detachment of produce from a biological asset or the cessation of biological assets life process.

Agricultural Activity  is the management of biological transformation and harvest of biological assets for sale.


  • Raising Livestock
  • Acquaculture
  • Floriculture
  • Planting

Biological produce – Sheep, Trees in plantation, Plants, Dairy Cattle

Agricultural produce – Wool, logs, cotton, Harvested Cane.

Processed produce – Lumber, Yarn, Carpet


About Jonathan Ruiz CPA

Entrepreneur, CPA Mentor, Stock market Newbie Mentor, Influential Author and Master's Degree in International Business graduate in Hult International Business School, UK. A father of two lovely daughters.
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