LIVE ASSETS AMORTISATION

Abstract

International Accounting Standards IAS 41, the accounting for agricultural activity standards published by the Council in 2001, entered into force on 1 January since 2003. In ourcountry, issued on 11.15.2003 by the first work on the CMB agricultural activities' Serial: XI, No: 25 is the Communiqué on Accounting Standards in Capital Markets. This in Section 31 of the Decree, '' Agriculture '' the issue under the title are included. Then, TMS standard 41 Tarımsal Activities TASB has issued February 24, 2006 is described to be applied for annual periods beginning on or after 31.12.2005. Thus, agricultural accounting and reporting principles have been identified. No. 41 standard agricultural activities, the state with the accounting and reporting principles for promoting biological assets related topics are included. Followed by live animals raised in terms of accounting standards in the live stock business are described in TMS41. Depreciation of biological assets subject has been discussed in this study and the comments by the standard.