which of the following statements is correct when calculating the impairment loss of an asset?
A.
Assets should be carried at the lower of their carrying amount and recoverable amount
B.
Assets should be carried at the higher of their carrying amount and recoverable amount
C.
The recoverable amount of an asset is the higher of carrying amount and fair value less costs of disposal
D.
The recoverable amount of an asset is the higher of value in use and carrying amount