Which of the following statements is false about an item of property, plant, and equipment? a. Under U.S. GAAP, such an item may be carried at an amount above its historical cost. b. Under IFRS, such an item may be carried at an amount above its historical cost. c. Under IFRS, such an item may be carried at its fair value. d. Under U.S. GAAP, such an item may be carried at its historical cost