E2 Read the following situation and answer the questions are given below Y A Oasis Entertainment and Resorts LLCwas incorporated on 5th March 2010, Since then it is providing recreation services with advanced amusement facilities Oasis Entertainment and Resorts LLC provides hotel rooms, restaurant and food courts, water park facilities, other rides and attractions, tourist travel and desert safari. The company's PPE worth in the year 2018 stood at OMR280,000. The company provided services to local and foreign tourists. The majority of the tourist are foreimers from Asian, North America, and European countries. The company has a fleet of cars, buses to transport customers to different tourist places and momiments in the country. COVID -19 an infectious strain of the virus has spread across the boundaries and affected 3.8 million people as of May 2020. In the month of March 2020, WHO declared COVID 19 as a pandemic. One of the hardest-hit industry due to this pandemicis the hospitality industry. As there is no vaccine to date and the only altemative is to follow social distanding by people all around the world This social distancing shall reduce the spread of the virus. The govem mentall around the world have placed stringent restrictions on the communities in order to stop the spreadof the virus. Until the vaccine is developed, social distancing is the only alterative left for the world Required: Considering the above situation write a report to discuss the impact of COVID-19 on the impaiment for non-curent assets ofOasis Entertainment and Resorts LLC as per provisions of IAS 36. Include an Ihestration in the report to show (the effect of COVID-19. (5 Marks