The accounting for property,plant and equipment is the same under U.S.GAAP and IFRS.

Question

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While there are similarities in the accounting for property, plant, and equipment under both U.S. GAAP and IFRS, there are also significant differences, particularly in terms of the measurement and recognition of these assets. For example, IFRS allows the revaluation of property, plant, and equipment to fair value, whereas U.S. GAAP generally requires assets to be recorded at historical cost less accumulated depreciation.

The Accounting for Property,plant and Equipment Is the Same Under