When applying the impairment guidelines to groups of assets,the group should consist of the lowest level for which identifiable cash flows are largely independent of the cash flow of other groups of assets and liabilities.

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This statement is true as per the impairment guidelines provided by accounting standards. The group of assets should be identified at the lowest level at which their cash flows are largely independent of the cash flows of other groups of assets and liabilities. This ensures that impairment losses are recognized accurately for each group of assets based on their individual credit risk and future cash flow expectations.

When Applying the Impairment Guidelines to Groups of Assets,the Group