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Determine the major differences between IFRS and U.S. GAAP on the recognition and measurement of assets and analyze the impact that differences between IFRS and

Determine the major differences between IFRS and U.S. GAAP on the recognition and measurement of assets and analyze the impact that differences between IFRS and U.S. GAAP can have on the financial statements. 70-80 words (5 marks)

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