At the end of $2023,$ Bramble Corporation owns a licence with a remaining life of $10$ years and a carrying amount of $$544,000.$ Bramble expects undiscounted future cash flows from this licence to total $$548,500.$ The licence's fair value is $$439,700$ and disposal costs are estimated to be nil. The licence's discounted cash flows $($that is$,$ value in use$)$ are estimated to be $$488,400.$ Bramble prepares financial statements in accordance with IFRS.

Your answer is partially correct.

Determine if the licence is impaired at the end of $2023.$ y ed y