Solved: Us gaap follows the historical cost concept in the valuing, Cost Accounting

+44 141 628 6080
[email protected]

Us gaap follows the historical cost concept in the valuing

US GAAP follows the Historical Cost Concept in the valuing of long-Term Assets. Explain this principles and how it compares to the standards used in the reporting of Long-Term Assets under International Financial Reporting Standards (IFRS). If there is a convergence of standards, which method do you believe should be used and why?

Solution Preview :

Prepared by a verified Expert

Cost Accounting: Us gaap follows the historical cost concept in the valuing

Reference No:- TGS0774068

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Cost Accounting

Q : How much charge can be placed on a capacitor with air

a how much charge can be placed on a capacitor with air between the plates before it breaks down if the area of each

Q : Sam slater bought an old walter lantz woody woodpecker oil

sam slater bought an old walter lantz woody woodpecker oil painting for 12000 he plans to resell it on ebay for 15000

Q : Describe your understanding of the north south divide as

describe your understanding of the north south divide as it relates to the health of populations in developing

Q : Cecil green sells golf hats he knows that most people will

cecil green sells golf hats he knows that most people will not pay more than 20 for a golf hat cecil needs a 40 markup

Q : Us gaap follows the historical cost concept in the valuing

us gaap follows the historical cost concept in the valuing of long-term assets explain this principles and how it

Q : A piston of radius r 005 m has a stroke within a cylinder

a piston of radius r 005 m has a stroke within a cylinder of s 02 m at the bottom of the stoke the cylinder fills

Q : In a titration a 07529 gram sample of a mixture of solid

in a titration a 07529 gram sample of a mixture of solid c6h5cooh and solid nacl is dissolved in water and titrated

Q : Misu sheet owner of the bedspread shop knows his customers

misu sheet owner of the bedspread shop knows his customers will pay no more than 120 for a comforter misu wants a 30

Q : Given series of equipotentials allow a charge to move

given series of equipotentials allow a charge to move through three displacements s s1s2 calculate the electric field

1955167

Questions
Asked

3,689

Active Tutors

1426146

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Review the real-life cat and mouse chase

Real-Life Cat and Mouse Chase: Understanding the Perceptions and Attitudes of Street Vendors of Metro Manila towards MMDA Regulation No. 03-004

Symbolic interactionism took off as a theoretical approach

Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.