Collinsworth LTD., a U.K. company, prepares its financial statements according to International Financial Reporting Standards. Late in its 2021 fiscal year, a significant adverse change in business climate indicated to management that the assets of its appliance division may be impaired. The following data relate to the divisions assets:

	( in millions)
Book value			230
Undiscounted sum of estimated future cash flows			220
Present value of future cash flows			158
Fair value less cost to sell (determined by appraisal)			153

Required: 1. What amount of impairment loss, if any, should Collinsworth recognize? 2. Assume that Collinsworth prepares its financial statements according to U.S. GAAP and that fair value less cost to sell approximates fair value. What amount of impairment loss, if any, should Collinsworth recognize? (For all requirements, negative amounts should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10)).