All of the Following Are True with Regard to Impairment

All of the following are true with regard to impairment testing of long-lived assets except:

A) If impairment indicators are present, the company must conduct an impairment test.
B) The impairment test compares the asset's carrying value with the lower of its fair value less cost to sell and its value-in-use.
C) If the recoverable amount is lower than the carrying value, an impairment loss will be reported on the period's income statement.
D) If either the fair value less cost to sell or the value-in-use is higher than the carrying amount, no impairment loss will be recorded.