Willmott Dixon Plc has a broaching machine used to produce chassis of motor vehicles. The demand for the product has declined substantially since the introduction of a competing product. The following information pertains to the machine: vVnat would the company report for the machine unider IFRS? Select one: a. An impairment loss of 2,000 b. An impairment loss of 1,000 c. An impairment loss of 3,000 d. No impairment loss should be reported Willmott Dixon PIc has a broaching machine used to produce chassis of motor vehicles. The demand for the product has declined substantially since the introduction of a competing product. The following information pertains to the machine: Carrying amount: 17,000 Undiscounted expected future cash flows: 19,000 Present value of expected future cash flows: 15,000 Fair value if sold : 18,000 Costs to sell: 1,000 What would the company report for the machine under US GAAP? Select one: a. No impairment loss should be reported b. An impairment loss of 1,000 c. An impairment loss of 2,000 d. An impairment loss of 3,000