I will vote up if answer is correct

with explanation steps

1- Review the financial statement to see how impairment of assets is traded in the statement of financial position

2- the income statement and the related notes to the accounts ( accounting policies and substantive note )

* write notes on your findings to bring to the class

3- use examples to explain the principle of impairment.

National Hotels Company B.S.C. STATEMENT OF FINANCIAL POSITION As at 31 December 2019 2019 BD 2018 BD Notes 7 8 9 10 34,135,204 36,798,965 7,995,852 4,741,251 35,900 777 37,380,956 7.758,073 2,693,435 83 733,241 83,671,272 ASSETS Non-current assets Property, plant and equipment Investment properties Investment in an associate Investments Total non-current assets Current assets Inventories Investments Trade and other receivables Bank balances and cash Total current assets TOTAL ASSETS 11 10 12 13 106,798 61,515 465,104 3,029,491 3,662,908 87,334,180 76.994 2,049.470 459,838 175, 108 2,761,410 86,494,651 14 15 16 17(a) 17(b) EQUITY AND LIABILITIES Equity Share capital Treasury shares Statutory reserve General reserve Revaluation reserve Investment revaluation reserve Share of reserves of associate Retained earnings Proposed dividend Proposed bonus shares Total equity 12,127,500 (94.726) 5,670,492 1,087,579 13,391,305 2,108,674 181,300 49,485,128 1,200,922 11.025,000 (94,726) 5,512,500 1.087.579 13,391,305 2,060 658 102.286 49,266,801 18 18 1,102,500 83,454,103 85,159,174 19 303,129 339,782 331,782 303,129 1,871,877 Non-current liability Employees' end of service benefits Total non-current liability Current liabilities Trade and other payables Bank overdraft Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES 20 13 2,098 185 610,581 2,708,766 1,871.877 2,175,006 3.040.548 87,334,180 86,494,651