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.

Assume the recoverable amount is calculated to be $$467,600$ at the end of $2024.$ Determine if the licence is impaired at the end of $2024.$

Prepare any related entry that is necessary. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$