Based on the information found in the e-Activity

Question: Based on the information found in the e-Activity, …

Based on the information found in the e-Activity, assess the key differences between U.S. GAAP and IFRS reporting for the testing of asset impairment and the requirement to write down the asset value. Indicate whether or not you support the U.S. GAAP or IFRS approach. Provide support for your position.