-Have to explain/prepare analysis for the boss Rick on why the costs can be capitalized in accordwnce with IAS 16.

-What are the differences between GAAP and IFRS

Several weeks dve gone by and you have worked on a variety of assignments. Rick calls you on the asks you to come into to his office. He tells you that Cougar subsidiary Extravagant Linens is installing the costs that can be capitalized in accordance with IAS 10 following costs a new plant at its production facility. He would like you to prepare an ana lysis on Extravagant Linens has incurred the 1. Cost of the plant (cost per supplier's invoice plus taxes) 2. Initial delivery and handling costs 3. Cost of site preparation 4. Consultants used for advice on the acquisition of the plant 5. Interest charges paid to supplier of plant for deferred credit 6. Estimated dismantling costs to be incurred after 7 years 7. Operating losses before commercial production 2,500,000 200,000 600,000 700,000 200,000 300,000 400,000 After 3 months of service with Cougar Global Industries, Inc. you will receive your probationary performance evaluation. In this process, the company will be very focused on your knowledge of IFRS on how well you have been able to apply it to the Company's business dealings. Your work product for the aforementioned assignments will determine if the Company sees you as a good fit and will retain you as a permanent employee, or will terminate you at the conclusion of your probationary period. Where will you come out in this scenario