At the end of 2020, Aylmer Inc owns an intangible asset with a remaining life of 10 years.

Aylmer follows IFRS

	Goodwill
Carrying value (end of 2020)	$ 528,000
Undiscounted future cash flows	$535,000
Discounted future cash flows (value in use)	$476,000
Fair value	$420,000
Cost to sell	$ -
Remaining useful life in years	10

Provide any required entries on December 31, 2020 regarding impairment for the intangible asset. If no entry is required comment on why? And show rough work too