Accounting for long-lived assets differs between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

April 17, 2024April 17, 2024 Discipline: Accounting

(1) Describe one way in which accounting for long-lived assets differs between GAAP and IFRS.

(2) When two companies in the same industry use different valuation methods, discuss the implications for a financial analyst. 

(3) What adjustment(s) could an analyst make, in order to compare companies applying different accounting principles?

Initial posting due by midnight EST Thursday, minimum of two (2) responses due by midnight EST Sunday.

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