One difference between IFRS and GAAP is that IFRS allows companies to measure fixed assets at fair value.
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Q76: The "net realizable value" of an asset
Q77: The "exit price" of an asset is
Q78: The FASB's defines "fair value" of a
Q79: Under IFRS, all assets are valued at
Q80: Under GAAP, the same rules are used
Q82: If costs are rising, then the LIFO
Q83: The cost of buying an asset can
Q84: When a company buys several assets together,
Q85: When a company buys several assets together,
Q86: While large public companies are not allowed
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