This assignment consists of two parts. Part A requires a 1000-word short essay on the impairment test under AASB 136 Impairment of Assets, explaining the purpose of the test, how goodwill affects it, and the basic steps to be followed. Part B involves Crossbow Ltd, which has acquired other companies, and requires the preparation of journal entries for any impairment loss occurring at 30 June 2015. The assignment also assesses research, analysis, recommendations, calculations, journal entries, and presentation.