[IAS36] Impairment of Long-term Assets Long-term assets, including fixed (e.g. PP&E) and Intangible (e.g., patents, licenses, goodwill) assets, are subject to a high risk of 'asset impairment' as a result of their long economic lives. Therefore, IAS36 recommends that 'Assets are tested for impairment periodically to ensure the company's total asset value is not overstated on the balance sheet' (IAS36). These value changes will create sustained negative financial results for an uncertain period. IAS36 requires companies to evaluate the recoverability of long-lived assets, goodwill, and other intangible assets, whenever 'they' experience an event or change in the circumstances, indicating that an asset may be impaired. You are required to collate all information [from various online sources]journal articles, organizational & institutional sites, media & newspapers, and international & national cases to discuss the 'external and internal events and factors' mitigating the need for business to evaluate their assets for impairment. [Use appropriate case examples of business/industry with reference to individual or group assets to strengthen your discussions in the research paper]