Hello all. Am trying to set a poutry business for egg production. I would like understand how the chickens (layers) should be recorded us. Are they fixed assets or inventory items… kindly assist me.
The answer depends somewhat on local regulations. But the chickens are probably neither. They are not inventory because they are not for sale. The eggs are for sale.
They most likely do not meet requirements to be fixed assets. They are not worth enough and have insufficient economic life.
As noted in your double posted topic, this is not about Manager. Both topics are closed.