The move comes just months after Estia foreshadowed it will write off its $221.3 million in bed licenses within the next 12 months to three years. (Brown, 2022)

Part 3: Provide a detailed discussion of how your company:(700 words)

i. Accounts for bed licences under AASB138 Intangible Assets prior to the government announcement.

ii. Accounts for (or plan to account for) bed licences under AASB138 Intangible Assets (and any other accounting standard) following the government announcement.