Nature of “Impairment loss” and required disclosures including referencing

Part A: 1000 word short essay about the nature of “Impairment loss” and required disclosures including referencing.

Part B: Crossbow Ltd is an entity that specialized in the manufacture of leather footwear for women. It has aggressively undertaken a strategy of buying out other companies that had competing products. These companies were liquidated and the assets and liabilities brought into Crossbow Ltd. At 30 June 2015, Crossbow Ltd reported the following assets in its statement of financial position