[Verse 1] When assets whisper tales of decline External markets crash, technology shifts the line Internal damage screams from balance sheets Obsolescence creeps where profit once competed Look for triggers in the economic storm Physical decay where value can't transform [Chorus] Test and measure, compare and see Recoverable amount sets the boundary Higher of fair value less the selling cost Or value in use before the asset's lost CGU when cash flows intertwine Impairment hits when carrying's not aligned [Verse 2] Cash-generating units bundle tight Independent flows that generate the light Smallest groups where money streams converge Corporate assets allocated when they merge Goodwill sits atop each tested group Annual scrutiny through the testing loop [Chorus] Test and measure, compare and see Recoverable amount sets the boundary Higher of fair value less the selling cost Or value in use before the asset's lost CGU when cash flows intertwine Impairment hits when carrying's not aligned [Bridge] Discount future cash to present day Terminal values in the final play Goodwill impairment never turns around But other assets can reclaim lost ground Reversal capped at depreciated cost Previous losses can't all be tossed [Verse 3] Indicators flash like warning bells Market cap below the book value tells Interest rates climb, performance falls Management restructures, strategy calls Annual goodwill tests cannot wait Impairment losses seal the asset's fate [Chorus] Test and measure, compare and see Recoverable amount sets the boundary Higher of fair value less the selling cost Or value in use before the asset's lost CGU when cash flows intertwine Impairment hits when carrying's not aligned [Outro] IAS thirty-six protects the truth Asset values need the strongest proof
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