Which of the Following Is Correct with Respect to When

Multiple Choice

Which of the following is correct with respect to when the impairment test must be performed?

A) An annual test is required for long-lived assets under IFRS.
B) An annual test is required for long-lived assets under ASPE.
C) Under IFRS, a test is required for long-lived assets only when there are indications an asset may be impaired.
D) Under ASPE, a test is required for long-lived assets only when there are indications an asset may be impaired.