In general,FASB standards concerning property,plant,and equipment are similar to the international accounting standards,with a few important differences.

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While there may be some differences between FASB standards and international accounting standards related to property, plant, and equipment, the statement is generally true. Both sets of standards provide guidance on how to recognize, measure, and disclose information about these assets. Some of the differences may relate to the specific terminology used, or the level of detail required in the disclosures. However, overall the two sets of standards are similar in approach and intent.

In General,FASB Standards Concerning Property,plant,and Equipment Are Similar to the International