Bulldog, Inc. has the following information related to some if its manufacturing equipment.

Net carrying amount = $850,000

Fair value if sold = $750,000

Costs to sell = $7,000

Present value of expected future cash flows = $735,000

Un-discounted expected future cash flows = $800,000

How would the impairment loss for a company using IFRS differ from that of a company using GAAP?

	a.	The impairment loss is $107,000 for IFRS and $100,000 for GAAP.
	b.	The impairment loss is $107,000 for IFRS and $50,000 for GAAP.
	c.	The impairment loss is $107,000 for IFRS and $0 for GAAP.
	d.	The impairment loss is $115,000 for IFRS and $100,000 for GAAP.
	e.	The impairment loss is $115,000 for IFRS and $50,000 for GAAP.