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What is Understanding PP&E and Investment Property about?

1. Property, plant, and equipment is initially measured at cost under both GAAP and IFRS. IFRS requires actual borrowing costs to be capitalized, while GAAP uses a weighted average approach. 2. Both standards now require any gain or loss on asset exchanges to be recognized unless the exchange has no commercial substance. 3. IFRS allows the alternative to value PP&E at fair value through other comprehensive income. Revaluations must be done regularly to avoid material differences from fair value.

Author

Rizwan Shahid

Language

EN