Rice Industries owns a manufacturing plant in a foreign country. Political unrest in the country indicates that Rice should investigate for possible impairment. Below is information related to the plant's assets ($ in millions):

Book Value 190 Undiscounted sum of future est cash flows 210 Present value of future cash flows 175 Fair value less cost to sell 185

Selling Cost 5 The amount of impairment loss that Rice should recognize according to U.S. GAAP and IFRS, respectively, is: GAAP IFRS a. 10 m 10m b. 15 m 15m c. 0 10m d. there is no impairment under both GAAP and IFRS A. Option a B. Option b C. Option c D. Option d