Which of the following statements regarding impairment testing of long-lived operating assets is false.

A. If the carrying value of the asset is greater than the sum of the undiscounted future cash flows, an impairment loss must be recognized.

B. If impairment indicators are present, the company must conduct an impairment test.

C. The carrying value of the asset after adjustment for impairment loss is its fair value.

D. The asset recoverability test compares the carrying value of the asset with its fair value.