Question: US GAAP generally does not allow for upward revaluation after a company has recognized impairment on an asset, while IFRS does allow upward revaluation of

US GAAP generally does not allow for upward revaluation after a company has recognized impairment on an asset, while IFRS does allow upward revaluation of certain assets, up to the asset's original cost adjusted for depreciation. Which method of accounting do you think is better? Why?

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