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

US GAAP generally does not allow upward revaluation after a company has recognized impairment of an asset, while IFRS allows upward revaluation of certain assets, up to the asset's original cost adjusted for depreciation.

Which accounting method is better? and Why?

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