Discussion question (At least two paragraphs per bullet point)”Push-down Accounting and the Recording of Both Tangible Assetsand Intangible Assets”• Per the textbook, the FASB has not taken a position on the use of pushdown accounting. Take a position on whether push-down accountingprovides the most relevant information for both internal and externalfinancial statement users. Provide support for your rationale.•Compare the key differences between U.S. GAAP and IFRS’sposition on both intangible research and development costs andtangible depreciable assets. Indicate the key benefits anddrawbacks to financial statement users of each method (i.e., U.S.GAAP and IFRS). Next, determine the method that provides themost relevant information to financial statement users. Providesupport for your rationale.
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