The assignment is about the impairment of assets, specifically land, building, and equipment. According to AASB 136, these assets are subject to impairment if their carrying value exceeds their recoverable amount. The recoverable amount can be either the fair value or the value in use. In this case, an impairment loss will be charged to the income statement, reducing the net income of Gali Ltd. This is because the land and building have a carrying value that exceeds their recoverable amount.