Under both IFRS and GAAP

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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-
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: constructed assets such as raw materials and labor. IFRS does not address the capitalization of fixed overhead....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online