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What principles underlie the initial measurement of PP&E, natural resources, and intangible assets? Why does interest need to be capitalized on self-constructed assets? How much

  • What principles underlie the initial measurement of PP&E, natural resources, and intangible assets?
  • Why does interest need to be capitalized on self-constructed assets? How much interest is capitalized?
  • What is the conceptual basis for capitalizing versus expensing items related to intangible assets such as R&D, software, patents, etc.
  • What are some of the most significant differences in accounting for PP&E and intangibles in US GAAP vs. IFRS?

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