As a result of its annual assessment of property, plant, and equipment for indications of impairment, an entity determines that equipment with a carrying amount of $44,000 (cost of $59,000; accumulated depreciation of $15,000 ) may be impaired due to technological obsolescence. Assume that the asset's value in use is determined to be $35,900 and its fair value less costs of disposal (of \$1,900) is $38,700. In addition, the expected future undiscounted net cash flows from the use of the asset and its later disposal are estimated to be $41,800. (a1) Compare the accounting for impairment of the equipment under IFRS versus ASPE