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MTPs QUESTIONS

Q3 (April.19 – 4 Marks)

A farmer owned a dairy herd of three years old cattle as at 1 st April, 20X1 with a fair value of Rs. 13,750
and the number of cattle in the herd was 250.

The fair value of three year cattle as at 31st March, 20X2 was Rs. 60 per cattle. The fair value of four year
cattle as at 31st March, 20X2 is Rs. 75 per cattle.

Calculate the measurement of group of cattle as at 31st March, 20X2 stating price and physical change
separately.

SOLUTION

Particulars Amount (Rs.)
Fair value as at 1st April, 20X1 13,750
Increase due to Price change [250 x {60 - (13,750/250)}] 1,250
Increase due to Physical change [250 x {75-60}] 3,750

Fair value as at 31st March, 20X2 18,750

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