At the end of 2023 , Flint Corporation owns a licence with a remaining life of 10 years and a carrying amount of $500,000. Flint expects undiscounted future cash flows from this licence to total $505,300. The licence's fair value is $396,000 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $447,600. Flint prepares financial statements in accordance with ASPE. Determine if the licence is impaired at the end of 2023. The licence at the end of 2023. Assume the recoverable amount under ASPE (undiscounted future cash flows) is calculated to be $465,600 at the end of 2024 . Determine if the licence is impaired at the end of 2024. The licence 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.) Assume the recoverable amount under ASPE (undiscounted future cash flows) is calculated to be $465,600 at the end of 2024 . Determine if the licence is impaired at the end of 2024. The licence 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.)