Use the following to answer questions 23-24: Rushi a Company has a non-trading investment in the 10%, 10-year bonds of Pear Company. The investment's carrying value is $3,200,000 at December 31, 2017.On January 9, 2018, Rushia learns that Pear Company has ost its primary manufacturing facility in an mpaired and now has a fair value of $2,300,000. In June, 2019, Pear Company has succeeded in rebuilding its manufacturing facility, and its prospects have improved as a result. uninsured fire. As a result, Rushia determines that the investment is 23. If Rushia Company determines that the fair value of the investment is now $3,900,000 and is using GAAP for its external financial reporting, which of the following is true? A) Rushia is prohibited from recording the recovery in value of the impaired investment. B) Rushia may record a recovery of $900,000. C) Rushia may record a recovery of $700,000. D) Rushia may record a recovery of $1,600,000. 24. If Rushia Company determines that the fair value of the investment is now $2,900,000 and is using IFR for its external financial reporting, which of the following is true? A) Rushia is prohibited from recording the recovery in value of the impaired investment. B) Rushia may record a recovery of $600,000. C) Rushia may record a recovery of $900,000. D) Rushia may record a recovery, but is limited to 80% of the value of the recovery