Live stock is shown under -

Livestock is classified as a fixed asset that is not depreciable and is valued at its historical cost. Because AS-10 expressly states that it does not apply to live stock, it cannot be classified as a fixed asset.

The livestock has a market value, which is assigned to the inventory and shown in the income statement as a shift in revenue. The number of raised livestock is determined and priced at the conclusion of the reporting period based on the market price at the time.