Describe circumstances that may indicate that a company’s assets may have become

Describe circumstances that may indicate that a company’s assets may have become impaired. 
Define the impairment loss  
When should companies carry out a review for impairment of assets? 
IAS 37
Define the following terms relating to IAS 37.
(a) Contingent assets
(b) Liability
(c) Contingent liability 
(d) Provision 

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