Valuations for impairment testing by the cash flow of assets are limited to the cash generation of these assets.

The analysis does not consider CAPEX, non-operating financial revenues and others.

The period of the projections is associated with the useful life of the assets and must be fixed on a technical basis.

Investments in technology are limited to existing assets, which can affect financial projections.

WACC is affected by the limitations of this method.

The impairment test by cash flow of assets or equity valuation of assets may have different results.

Mynarski, Impairment Testing by Cash Flow and Asset Appraisal