access the ifrs authoritative literature at the iasb website and after some research answer the following questions

1.answer what is the authoritative guidance for asset impairments? Briefly discuss the types of transactions to which the standard applies.

2.give several examples of events that would cause an asset to be tested for impairment. What is the best evidence of fair value? Describe alternative methods of estimating fair value.

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3.What is the definition of impairment?

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