Under both IFRS and GAAP

Under both IFRS and GAAP - constructed assets such as raw...

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Under both IFRS and GAAP, interest costs incurred during construction are capitalized. Recently, IFRS converged to GAAP requirements in this area. IFRS, like GAAP, capitalizes all direct costs in self-
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Unformatted text preview: constructed assets such as raw materials and labor. IFRS does not address the capitalization of fixed overhead....
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This note was uploaded on 01/03/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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