Ch. 11 problem 16p how is the IFRS 2016 book value of equipment determined?

hegg Study TEXTBOOK SOLUTIONS EXPERT ORA 0 (2 Bookmarks) Show a Chapter 11, Problem 16P US GAAP SS 1,500 S 1,500 The change in depreciation would affect the carrying value of the asset. Therefo value would be reported differently under both the methods. Book value of equipment IFRS US GAAP 20152016 2017 $67,000 61,600 $48,700 $67,000 $55,600 $44,200 DifferenceSs 6,000 S 4,500 Comments (1) Anonymous How is the IFRS 2016 BV of equipment determined? Step 5 of 5 b. There is no difference in net income for 2015 under IFRS and US GAAP. Therefore, reconciliation adjustments are needed in 301 hegg Study TEXTBOOK SOLUTIONS EXPERT ORA 0 (2 Bookmarks) Show a Chapter 11, Problem 16P US GAAP SS 1,500 S 1,500 The change in depreciation would affect the carrying value of the asset. Therefo value would be reported differently under both the methods. Book value of equipment IFRS US GAAP 20152016 2017 $67,000 61,600 $48,700 $67,000 $55,600 $44,200 DifferenceSs 6,000 S 4,500 Comments (1) Anonymous How is the IFRS 2016 BV of equipment determined? Step 5 of 5 b. There is no difference in net income for 2015 under IFRS and US GAAP. Therefore, reconciliation adjustments are needed in 301