There are many differences with the measurement of assets between IFRS and U.S. GAAP. For each of the following topics, please describe how it would be handled with both sets of standards, and provide a minimum of 2 examples of issues surrounding the first time adoption of IFRS:Inventories (IAS 2)Expense recognitionRestructuringCosts included in inventoryProperty, plant, and equipment (IAS 16)Cost elementsCost measurementsDepreciation (component)Investments (IAS 40)Fair value model (FVM) versus cost modelBorrowing costs (IAS 23)Intangible assets (IAS 38)