Value estimation based on market prices
In the circumstances where there is no active market for the evaluated asset, one must
check for prices determined by market variations. The market prices are the most recent
transaction prices, and the market prices for similar products or sector prices are transferred to
production capacity. The biological assets and agricultural produce are often sold through
future goods contracts. According to IASB, the buying prices established by these contracts
don’t necessarily reflect the real market price, that is why is doesn’t correspond to an
evaluation criterion for biological assets and agricultural produce.