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At a recent executive committee meeting the controller for

1. At a recent executive committee meeting, the controller for Ricardo Company remarked, "With only a single key difference between U.S. GAAP and iGAAP for property, plant, and equipment, it should be smooth sailing for the FASB and IASB to converge their standards in this area." Prepare a response to the controller.

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Accounting Basics: At a recent executive committee meeting the controller for

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Accounting Basics: At a recent executive committee meeting the controller for

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