Required : Indicate the differences in accounting treatment under IFRS and under US GAAP for the following situations as of December 31, 2022: 2. Property, plant and equipment The company acquired a building at the beginning of 2021 with the following information: - Cost of $2,750,000 -Estimated useful life of 25 years -Estimated residual value of $250,000 -It is depreciated using the straight-line method. At the beginning of 2022 , the market value of the building was $3,250,000. There is no change in residual value or estimated useful life