Under U.S. GAAP, Impairment Losses

Multiple Choice

Under U.S. GAAP, impairment losses

A) can be reversed but only if the reversal is greater than the amount of the original impairment.
B) can be reversed but only if the reversal falls in a subsequent fiscal year of the company's operations.
C) cannot be reversed for assets to be held and used.
D) none of these answer choices are correct.