At the end of 2020, Bridgeport Corporation owns a licence with a carrying amount of 5526,000. Bridgeport expects undiscounted future cash flows from this loence to total $531,100. The licence's fair value is $420,900 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $474 700. Assume that the licence was granted in perpetuity and has an indefinite life, and that Bridgeport 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 elles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account dides and enter for the amounts) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Soorate Attempts:0 of 3 used Submit