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2 Roi Inc. is a private corporation following ASPE. On Jan 1, 2019 they purchased a limited-life license for 550,000. This license has a

2 Roi Inc. is a private corporation following ASPE. On Jan 1, 2019 they purchased a limited-life license for 550,000. This license has a ten-year e and is not renewable. Straight-line amortization will be used. At December 31, 2020, Roi estimates that the undiscounted net cash flows of this license is $38,000, and the fair value (discounted net future cash flows) of this license is $32,000.

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