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subjective means the thing that change with subject. for example if we take opinion of different people about a beauty of a picture. different people give different opinion. it means beauty is subjective thing, because it change with (subject )persons hear. in this way goodwill is subjective. one person can ask brand valve of cocacola is this and other person give different figure.
discount rate when increase its mean that net present value decrease. In this way our asset value in use decrease. and u know the impairment mean that when the asset’s carrying amount exceeds its recoverable amount .
and Recoverable amount is the higher of an asset fair value less cost to sell and value in use.
and value in use is the PRESENT VALUE OF ESTIMATED FUTURE CASH FLOWS.u know what is value is use. and how we calculate this. when interest rates fall the asset that we have on finance lease directly effected.