Page 324 - Agriculture_Form_Three

Agriculture for Secondary Schools

Activity 14.2
Visit the school farm or nearby farm to learn the way various farm assets are valuated.
1. Identify which enterprises exist on the farm.
2. Identify assets found on each enterprise.
3. Explain the way each asset is valuated. Depending on the way the assets are
valuated, you may group them if there is a need to do so.
4. Outline the lesson(s) you have learnt from this activity.
5. Prepare a report and present it in class.

Activity 14.3
Write a summary of what you have learnt from this chapter in your portfolio.

Exercise 14.2
1. (a) What do you understand by the term ‘valuation of an assetʼ?
(b) Why do the farm assets need to be valuated at least each year?
(c) Identify the common five methods of valuating farm assets.

2. On 30 June 2021, a Sakanoti Farm had 5 bags of dairy cattle concentrate
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each worth TZS 36,000, 3 bags nitrogenous fertilisers each worth TZS 60,000,

10 bags layers mash each worth TZS 50,000, and 8 bags broiler finisher
each worth TZS 61,500. The farm also had 6 bags nitrogenous fertiliser
each worth TZS 45,000, 2 litres foliar fertiliser each worth TZS 35,000, half
hectare orchard crops worth TZS 1,500,000, a hectare vegetable crop worth
TZS 2,400,000 and 3 hectares fodder crop worth TZS 450,000. In addition,
there was a building aged five years old which encompasses livestock
pens and stores, all together worth TZS 8,200,000 by the mentioned date.
Moreover, there were the following livestock: 5 dairy cattle each worth TZS
1,800,000, 600 broilers chicken each worth TZS 3,500, 400 layer chicken

each worth TZS 10,000, and 50 turkeys each worth TZS 15,000. There
were also TZS 90,000 cash in hand and TZS 923,687.30 cash in bank. Write
down an inventory and valuation as at 30 June 2021 for the Sakanoti’s Farm.
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Student’s Book Form Twos Book Form Three
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