Cullumber Inc. is a private corporation following ASPE. On January 2,2022 it purchased a limited-life licence for $51200. This licence has a 10-year life that is NOT renewable. The company uses straight-line amortization and on December 31 , 2023 , Cullumber estimates that the undiscounted net cash flows of this licence is $38900, while the fair value (discounted net future cash flows) is $35800. What is the impairment loss? Nil, the asset is not impaired $12300$2060$5160