When calculating impairment and using the rational entity model, which of the following is NOT correct?

Question 12 options:

	If the recoverable amount > carrying amount, there is no impairment loss
	If the recoverable amount < carrying amount the impairment loss is the difference between the recoverable amount and the carrying amount
	The recoverable amount is the higher of the value in use and the fair value less costs of disposal
	The recoverable amount is the lower of the value in use and the fair value less costs of disposal