Question
US GAAP generally does not allow upward revaluation after a company has recognized impairment of an asset, while IFRS allows upward revaluation of certain assets,
US GAAP generally does not allow upward revaluation after a company has recognized impairment of an asset, while IFRS allows upward revaluation of certain assets, up to the asset's original cost adjusted for depreciation.
Which accounting method is better? and Why?
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Generally in US GAAP upward revaluation is not allowed under any circumstance even if the market pri...
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
