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According to the text, what is the methodology used to measure the fair value of biological assets? i- The fair value of biological assets is meas...

According to the text, what is the methodology used to measure the fair value of biological assets?

i- The fair value of biological assets is measured based on the cost of production.
ii- The fair value of biological assets is measured based on the market price of the assets.
iii- The fair value of biological assets is measured based on the projection of future cash flows discounted according to the projected productivity cycle of the forests, taking into account price and growth variations of biological assets.
iv- The fair value of biological assets is measured based on the weighted average cost of capital of the Company, which is reviewed annually by Management.
v- The fair value of biological assets is measured based on the average annual increment (IMA) of each species, genetic material, forest management regime, productive potential, rotation, and age of the forests.
vi- The fair value of biological assets is measured based on the market price of the assets, adjusted by the costs of capital related to land and other costs necessary to place the assets in a condition for sale or consumption.
vii- The fair value of biological assets is measured based on the costs of formation of biological assets.
viii- The depletion of biological assets is calculated based on the fair value of biological assets harvested in the period.
ix- The Company has decided to revalue the fair value of its biological assets quarterly.
a) i, ii, and iii are correct.
b) iii, iv, and v are correct.
c) vi, vii, and viii are correct.
d) iii, vi, and ix are correct.
e) iv, v, and vi are correct.

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According to the text, the methodology used to measure the fair value of biological assets is the option iii: "The fair value of biological assets is measured based on the projection of future cash flows discounted according to the projected productivity cycle of the forests, taking into account price and growth variations of biological assets."

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