Which of the following statements regarding IFRS, UK GAAP and US GAAP is not true?

- There are no major differences between IAS 16 and UK GAAP guidance on property, plant and equipment

- Both IFRS Standards and US GAAP prohibit the presentation of items as extraordinary.

- There are no major differences between IFRS 15 and US GAAP guidance on revenue from contracts with customers.

- IAS 23 requires the capitalisation of eligible borrowing costs; UK GAAP allows but does not require capitalisation