Financial Accounting and Reporting

In U.S GAAP there is no requirement to account for separate components of an asset. What occurs in IFRS?

Are biological assets a separate category in U.S GAAP or IFRS?

In U.S GAAP, allowable borrowing cost capitalization is calculated using a weighted average accumulated expenditure times a borrowing rate.

In U.S GAAP, unless the assets are held for sale, they are valued using the cost model.