An impairment test is required when there are indications that an impairment loss may have occurred. This happens when: Select one: a the recoverable amount (identified as the lower of the value in use and fair value less costs to sell) is higher than the carrying amount Ob the recoverable amount (identified as the higher between value in use and fair value less costs to sell) is higher than carrying amount Od the recoverable amount (identified as the lower of value in use and fair value less costs to sell) is lower than the carrying amount Od the recoverable amount identified as the higher of value in use and fair value less costs to sell) is lower than carrying amount