IFRS attitude towards PP&E

CFA Level I
#1

one major difference – what is it? 10 seconds

#2

construction costs can be expensed or capitalized?

#3

do you mean…capitalization or expenses?

#4

under IFRS you can revaluate fixed assets, under US GAAP NOT

#5

no – hint: something can be done to income statement with regards to PPE’s valuation

#6

If i remember correctly under IFRS interest expense paid to finance capital assets can be either expensed or capitalized, whereas under GAAP it must be capitalized. Someone please clarify :-f edit: oh, we’re talking about valuation

#7

damn nice strange, tried to answer it too fast lol

#8

daj, i might under IFRS you can either cap it (added it to assets) or show it as an expense

#9

strangedays Wrote: ------------------------------------------------------- > under IFRS you can revaluate fixed assets, under > US GAAP NOT boom!