2 of 5 View Policies Show Attempt History Current Attempt in Progress 2.86/4 E At the end of 2020, Novak Corporation owns a licence with a remaining life of 10 years and a carrying amount of $507.000. Novak expects undiscounted future cash flows from this licence to total $511,500. The licence's fair value is $402.100 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $447,000. Novak prepares financial statements in accordance with IFRS. (a) Your answer is correct Determine if the licence is impaired at the end of 2020, The licence legaling at the end of 2020