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US GAAP | IFRS |
Consistent with other US GAAP impairment guidance, ASC 340-40, Other Assets and Deferred Costs—Contracts with Customers, does not permit entities to reverse impairment losses recognized on contract costs.
| Consistent with other IFRS impairment guidance, IFRS 15 requires impairment losses to be reversed in certain circumstances similar to the existing standard on impairment of assets.
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