How do U.S. GAAP and IFRS differ with regard to accounting for the impairment of fixed assets

Question:

How do U.S. and IFRS differ with regard to accounting for the impairment of fixed assets held for use?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...