At the end of $2023,$ Bridgeport Corporation owns a licence with a remaining life of $10$ years and a carrying amount of $$528,000.$ Bridgeport expects undiscounted future cash flows from this licence to total $$532,500.$ The licence's fair value is $$423,000$ and disposal costs are estimated to be nil. The licence's discounted cash flows $($that is$,$ value in use$)$ are estimated to be $$477,700.$ Bridgeport prepares financial statements in accordance with IFRS.