Choose a company that is significantly affected by COVID-19 such as transportation, retail etc. The company must
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Question:
Choose a company that is significantly affected by COVID-19 such as transportation, retail etc. The company must be a constituent of the S&P/ASX 300 index
Provide a detailed explanation of the impairment testing made by your company in the year ended 30 June 2019. Your explanation should include a discussion of
i. The asset/s that were subject to impairment testing;
ii. The type of estimations required to record the impairment;
iii. The amount of the impairment write-down, if any; and
iv. Relevant disclosures about impairment testing in the 30 June 2019 financial report.
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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