With regard to impairment testing of non-current assets, which of the following statements is (are) not true? (1) If impairment indicators are present, the company must conduct an impairment test. (ii) The impairment test compares the asset's carrying value with the lower of its fair value less cost to sell and its value-in-use. (iii) If the recoverable amount slower than the carrying value, an impairment loss will be reported on the period's income statement. Select one: O a. (1) O b. (ii) Oc. (ii) and (iii) O d. (1) and (ii) 2