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Under gaap when a company installs safety andor

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Reference no: EM13609951

Under GAAP, when a company installs safety and/or environmental devices in excess of what the law mandates, it is treated as part of the asset. However; under IFRS these additional expenditures must be expensed immediately. Which method do you prefer? Explain your answer. Also, discuss the implications?

Reference no: EM13609951

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