The following information was taken from Bosco Ltd.'s fixed asset records as of December 31, 2010: 

Book value $100,000 

Sale price $85,000 

Disposal cost $3,000 

Expected future cash flows $75,000 

Present value of expected future cash flows $63,000 

Required: 

a. Using IAS 36, what is the amount of the impairment loss? 

b. What is the amount of the impairment loss under US GAAP?

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