This document presents a comprehensive solution to a company accounting assignment, focusing on key accounting standards and concepts. The solution addresses three main questions: the application of IFRS 13 for fair value measurement of assets and liabilities, comparing fair value and cost models for asset valuation, and the practical application of impairment testing, including the identification of Cash Generating Units (CGUs). The assignment explores the principles of fair value, market participant assumptions, and the rationale behind using the cost model. It also delves into impairment testing, explaining the concept of CGUs and how to determine them for a company. The solution incorporates relevant references and a bibliography, providing a well-structured and detailed analysis of the assignment's requirements.