Under IAS 36/AASB 136 Impairment of Assets, How Many of These

Multiple Choice

Under IAS 36/AASB 136 Impairment of Assets, how many of these statements are true?
When an asset's carrying amount is less than its recoverable amount the asset is said to suffer impairment.
Impairment losses are accounted for as a revaluation decrease if the revaluation model is used.
Impairment losses must be recognised as an expense in that period if the cost model is used.

A) 0
B) 1
C) 2
D) 3