(1) Consider the news article relevant only to your selected company below. The following should be included in your analysis (400 total maximum words, 10 marks):

(a) Is it likely that the situation described will result in impairment?

(b) Discuss the likelihood that impairment will occur;

(c) Assume that the impairment does occur discuss the impact on the company's valuation with supporting calculations including any journal entries that may be used to record the impairment.

Myer: https://www.news.com.au/finance/business/retail/when-landlords-attack- westfields-33-billion-incentive-to-crush-myer-in-deadly-pincer-move/news- story/74b9820b845ef306bb39ff776c2faf9f