Evaluate the flexibility management has available in the determination of asset impairments

Required: You are required to prepare a report for the CFO considering whether impairment of assets is an issue requiring address for the firm. The report should, with reference to AASB 136: a) With reference to Myer outline what evidence is there that impairment testing of assets is necessary; b) With reference to Myer outline the processes required to be addressed in determining any asset impairments that might be necessary c) With reference to Myer outline the information needed in determining asset impairments d) Evaluate the flexibility management has available in the determination of asset impairments