1. Cadbury Schweppes, Plc., a U.K. company, is an international confectionery and beverage business that sells its products in almost every country in the world. The company prepares its financial statements according to IFRS.
Required:
How does Cadbury value its property, plant, and equipment? Does the company have any other options under IFRS for valuing these assets? How do these options differ from U.S. GAAP?