You work in the Accounting Policy Group of Radley International, Inc., a U.S. publicly-held manufacturer of women's handbags and other fashion accessories. In February 2020, Radley acquired Carlson International, Ltd., a UK-based company that is listed on the London Stock Exchange and NASDAQ. Carlson prepares its consolidated financial statements in accordance with IFRS. You have been assigned to the acquisition team based upon your in-depth knowledge of both U.S. GAAP and IFRS. Your role is to assist your peers at Carlson to prepare Income Statements under both IFRSandUS GAAP.

After detailed discussions with the Controller of Carlson and their financial reporting team, you identify the key differences between IFRS and U.S. GAAP for 2019. Your summary is below:

IAS 36: Impairment

The "Carlson" brand is well known in the UK. In 2011, the company acquired a trademark at a cost of $75,000. Carlson has classified the trademark as an intangible asset with an indefinite life. Using outside consultants, the trademark is determined to have a selling price (net of costs to sell) of $65,000 at December 31, 2019. Expected future cash flows from continued use of the trademark are $68,000 and the present value of the expected future cash flows is $60,000. (The fair value of the trademark is also estimated to be $60,000 based on a consultant's report). Carlson is required to perform an annual impairment test on this trademark.

What is the adjustment using IFRS to put in income statement? What is the adjustment using U.S. GAAP to put in income statement?