Which of the following is correct with respect to when the impairment test must be performed? Under IFRS, a test is required for long-lived assets only when there are indications an asset may be impaired. An annual test is required for long-lived assets under ASPE. Under ASPE, a test is required for long-lived assets only when there are indications an asset may be impaired. An annual test is required for long-lived assets under IFRS