This assignment delves into the issue of asset impairment at Myer Holdings Ltd. It examines how the company identifies and accounts for impaired assets, referencing relevant accounting standards (AASB 136) and analyzing the firm's annual reports. The analysis focuses on the flexibility of management in carrying out impairment tests and determining the recoverable amount of cash-generating units (CGUs). The conclusion summarizes the key findings regarding Myer Holdings Ltd's approach to asset impairment.