IFRS guidelines can trigger an impairment loss that would not be triggered by U.S.GAAP.

Question

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IFRS guidelines consider different factors for recognizing impairment losses, such as the probability of future cash flows and the recoverable amount of the asset. This may result in triggering an impairment loss that would not be triggered under U.S. GAAP, which relies more on the undiscounted cash flows for testing impairment.

IFRS Guidelines Can Trigger an Impairment Loss That Would Not