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At the end of 2023 , thlue Spruce Carporation owm a licenoe with a remsining lite of 10 vears and a catrying amount of 5524,000

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At the end of 2023 , thlue Spruce Carporation owm a licenoe with a remsining lite of 10 vears and a catrying amount of 5524,000 ilue prepares heancial statemens 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 A5pe (undiscounted fubure canh flom) is calcutated to be $492.700 at the end af 2024. Determine if the ficerce is impaired at the end of 2024 . The ficerce at the end of 2024, Prepare any related entry that is necessary CCredit account filles ore autornatioally indentnd when the amount is ensered oo aot indent

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