+ When an impaired asset is held for sale, rather than for use within the company. then according to GAAP, a. b. C. d. depreciation on the asset should be reported in the operations section of the income statement. an unlimited amount of impairment "reversal" is allowed by GAAP until the asset is sold. yearly impairment "reversals" can be made as long as the new carrying value does not exceed the carrying value of the asset before the impairment. no further impairment may be made to the asset's carrying value beyond the original impairment