Which of the following is not a difference between U.S. GAAP and IFRS treatment of...
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Accounting
Which of the following is not a difference between U.S. GAAP and IFRS treatment of impaired assets?
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The right to reverse prior impairment losses when there is a change in the estimates used to measure the loss.
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The use of discounted cash flow.
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Due to differences, U.S. GAAP may trigger an impairment loss that would not be triggered by IFRS.
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In determining the valuation, costs to sell are deducted from fair value.
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