Animal Inventory

1) If a cow give birth her child, what will be accounting entries? 
       
                Debit        Live Stock Inventory 
                Credit        Appreciation Account (Income) 
               
 This entry is to be based on estimated cost of new calf born.         
               

2) What about their growth, Need any accounting entry? 

 Esitmate cost of feeding and maintaining the new born calves at  monthly intervals and make new entries on monthly or quarterly basis 

                Debit        Live Stock Inventory 
                Credit        Appreciation Account (Income) 
       
3) what will be the procedure if any animal dies?

 When any animal dies, work out the cost associated with this animal by age group and make the following entry 

        Debit        Live stock Mortality Account (Expense) 
        Creidt                 Live stock Inventory 


4) Animal inventory will be set at cost or market value in Balance
Sheet? 

Work out the cost of animal by age group and value the inventory at cost basis. However if the cost is higher than expected sales value, assume expected sale values after deduction of sales and collection charges.