Which of the Following Is/are True About Holding Gains on Assets

Multiple Choice

Which of the following is/are true about holding gains on assets?

A) U.S.GAAP recognizes the holding gain on the assets for the increase in values.
B) IFRS permits recognition of the holding gains under certain circumstances.
C) Under IFRS, if in a given period, an asset increases in value, the firm does not record depreciation and amortization during that period.
D) Under U.S.GAAP, if in a given period, an asset increases in value, the firm does not record depreciation and amortization during that period.
E) all of the above