AASB 141 Requires Biological Assets to Be Measured At

question 8

Multiple Choice

AASB 141 requires biological assets to be measured at:

• A) The lower of cost and net realisable value.
• B) Recoverable amount.
• C) Current replacement cost.
• D) Fair value less costs to sell.
• E) None of the given answers.

---

Definitions:

Arbitrary Inference

involves making a conclusion without supporting evidence, often present in distorted thinking patterns in psychological disorders.

Distorted Thinking

Cognitive processes in which reality is inaccurately perceived, often found in psychological disorders, leading to negative thinking patterns.

Participant Modeling

A therapy technique where a therapist demonstrates a behavior to a client, who is then encouraged to imitate and practice the behavior, often used to overcome anxiety or fears.

Therapist

A professional trained to treat people for their emotional problems and mental illnesses through various psychological methods and techniques.