Explain the primary difference between U.S. GAAP and IFRS with regard to the accounting and reporting of

Question:

Explain the primary difference between U.S. and IFRS with regard to the accounting and reporting of property, plant, and equipment.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...