Question 15 1 points SAVE ANSV Topic 7 In accordance with AASB 136, select a correct description below relating to the impairment of an asset and its relevant accounting treatment under the cost model: a. Impairment: Recognized when the carrying amount of an asset is less than its recoverable amount Accounting treatment: Asset is adjusted up to its recoverable amount O b. Impairment: Recognized when the carrying amount of an asset is greater than its recoverable amount Accounting treatment: No adjustment required for the asset O C. Impairment: Recognized when the carrying amount of an asset is greater than its recoverable amount Accounting treatment: Asset is written down to its recoverable amount d. Impairment: Recognized when the carrying amount of an asset is less than its recoverable amount Accounting treatment: No adjustment required for the asset