Provide a brief Explanation on following accounting matters on how they are impacted by Corona-virus Disease:

• Property Plant Equipment
• Leases
• Fair Value Measurements

Please provide the explanation like following:

Accounting standards (IAS 2/ AASB 102) sets the guidelines for accounting for inventory. So by explaining initially how the standards apply to inventory, you then need to discuss the impact of COVID-19 on accounting for inventories for example on writing-down inventories due to lower prices, or inventory obsolescence due to lower sales of the company of choice etc