The Financial Reporting Standards for Property, Plant, and Equipment Are

Multiple Choice

The financial reporting standards for property, plant, and equipment are similar under U.S.GAAP and IFRS except for

A) upward remeasurements for fair value increases, only.
B) recognition and measurement of asset impairment losses, only.
C) upward remeasurements for fair value increases and recognition and measurement of asset impairment losses.
D) downward remeasurements for fair value decreases, only.
E) downward remeasurements for fair value decreases and recognition and measurement of asset impairment losses.