[Verse 1] When assets lose their shine and glow Time to test what we should know External signs the market shows Internal clues as cash flow slows Technology becomes outdated Performance gets deteriorated Physical damage we can see Or legal changes affecting me [Chorus] Test and measure, compare the cost Find recoverable amount when value's lost Higher of fair value less the cost to sell Or value in use that serves us well Cash generating units we define When assets work together in a line Impairment hits when carrying's too high Time to write it down, don't let it lie [Verse 2] Cash generating units stand alone Generate cash flows on their own Independent from other streams The smallest group that fits our schemes Goodwill gets allocated here To units that will make it clear Where benefits are realized From synergies that we prized [Chorus] Test and measure, compare the cost Find recoverable amount when value's lost Higher of fair value less the cost to sell Or value in use that serves us well Cash generating units we define When assets work together in a line Impairment hits when carrying's too high Time to write it down, don't let it lie [Bridge] Goodwill tested once a year Or when indicators appear Two step process we must take First the unit for goodwill's sake If carrying exceeds recoverable Then goodwill impairment's probable Write down goodwill first in line Then other assets in decline [Verse 3] Reversal rules we must respect For assets we can reconnect When indicators disappear And value rises crystal clear But goodwill never gets reversed That impairment stays unrehearsed All other assets can come back If circumstances change their track [Chorus] Test and measure, compare the cost Find recoverable amount when value's lost Higher of fair value less the cost to sell Or value in use that serves us well Cash generating units we define When assets work together in a line Impairment hits when carrying's too high Time to write it down, don't let it lie [Outro] IAS thirty-six our guide Keep asset values dignified When impairment comes to call We'll be ready through it all
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