Effects of Impairment expense in a company

Please read the relevant footnotes of your firm’s financial statements carefully and include
information from these footnotes in your answer.
Within your firm’s latest annual report
(i) From your firm’s annual report find out the asset/s that your firm has tested for
impairment.
(ii) How did your firm conduct the impairment testing?
(iii)Has your firm recorded any impairment expenditures during the period?
(iv)Identify the key estimates and assumptions used by your firm in conducting the
impairment testing.
(v) Do you find any sort of subjectivity involved in the impairment testing process? How
can this subjectivity influence the outcome of the impairment testing?

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