All of the Following Statements Regarding Impairments Are True Except

Multiple Choice

All of the following statements regarding impairments are true except

A) an impairment is a permanent decline in an asset's market value.
B) after an impairment write-down, depreciation is generally lower in a subsequent periods.
C) immediate recognition of impairment write-downs is now required.
D) impairments are generally recorded when the book value falls below the market value.