At the end of 2020, Bramble Corporation owns a licence with a carrying amount of $525,000. Bramble expects undiscounted future cash flows from this licence to total $530,900. The licence's fair value is $419.800 and disposal costs are estimated to benit . The licence's discounted cash flows (that is, value in use) are estimated to be $470.100. Assume that the licence was granted in perpetuity and has an indefinite life, and that Bramble prepares financial statements in accordance with ASPE. Assume that the licence was granted in perpetuity and has an indefinite life. (a) Determine if the licence is impaired at the end of 2020 The licence at the end of 2020. 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 for the amounts.) Debit Credit Account Titles and Explanation The licence at the end of 2020. 0 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 for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later