COVID-19 has ravaged the global economy and Australia is not exempted. There has been a huge interest in the future of Australia's largest airlines. Virgin is now seeking new owners while Qantas is struggling to survive because of travel restrictions. Furthermore, the outlook of the airline industry is bleak even when the restriction get lifted as people are getting used to alternatives like Zoom for their meetings. a. What do you think will happen to the value of assets of airline companies like Qantas in terms of their fair valuation as a result of the COVID-19 restrictions? (Remember to use present value concept in your discussion) b. Discuss your understanding of impairment of an asset in the context of Qantas with regards to the reduction in the value of Qantas assets