Question: Covid-19 has created a volatile operating environment for all companies and one major concern is the impact on asset values. Companies will need to carefully

Covid-19 has created a volatile operating environment for all companies and one major concern is the impact on asset values. Companies will need to carefully consider the impairment of their assets and will need to make key judgements and sensitivity of assumptions regarding their recoverable amount calculations.

Required:

Briefly discuss the impact of Covid-19 on any two aspects of the impairment testing on property, plant and equipment (PPE). Please ensure that your discussion is relevant to the assets specified. (5 Marks)

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