A Subsidiary of a U

A subsidiary of a U.S. parent is in a highly inflationary country, and its functional currency is its local currency. The subsidiary purchased land when the U.S. dollar price of the local currency was $5.00, and the price level index was 100. Currently the U.S. dollar price of the local currency is $0.10, and the price level index is 4,800. Which is true regarding U.S. GAAP and IFRS computation of the U.S. dollar amount for the land?

A) The U.S. GAAP value is higher.
B) The IFRS value is higher.
C) US GAAP and IFRS give you the same amount because they are converged.
D) The relationship between the two amounts depends on the depreciation method used by the subsidiary.