Which of the following statements is correct? (a) Both IFRS and GAAP permit revaluation of property, plant,
Question:
Which of the following statements is correct?
(a) Both IFRS and GAAP permit revaluation of property, plant, and equipment and intangible assets
(except for goodwill).
(b) GAAP permits capitalization of development costs.
(c) IFRS requires capitalization of research and development costs once economic viability is met.
(d) IFRS requires capitalization of development costs once economic viability is met.
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Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
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