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Analyze the major way in which ifrs and gaap differ on the

IFRS and GAAP" Please respond to the following:

Select a long-term asset or short term liability, and analyze the major way in which IFRS and GAAP differ on the accounting treatment of your chosen asset. Based on your analysis, take a position on which method is more effective in financial reporting. Support your position with at least two (2) examples.

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