"End of ACAR in 2024 looms for listed providers."

"As of 30 June 2021, Estia held $221.3 million in bed licences acquired as intangible assets ($35,200 per bed)."

“The move comes just months after Estia foreshadowed it will write off its $221.3 million in bed licenses within the next 12 months to three years.” (Brown, 2022) Required:

Part 1: Provide a context to explain why your company has made the announcement regarding the write down of their bed licences. (400 words)

Part 2: Provide a description of accounting for bed licences that explains past practice and current practice. (500 words)

Part 3: Provide a detailed discussion of how your company:

i. Accounts for bed licences under AASB138 Intangible Assets prior to the government announcement.

ii. Accounts for (or plan to account for) bed licences under AASB138 Intangible Assets (and any other accounting standard) following the government announcement.