Current Attempt in Progress At the end of 2023, Blue Spruce Corporation owns a licence with a remaining life of 10 years and a carrying amount of $525,000. Blue Spruce expects undiscounted future cash flows from this licence to total $531.000. The licence's fair value is $419.700 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $470.900. Blue Spruce prepares financial statements in accordance with IFRS. Determine if the licence is impaired at the end of 2023. The licence i at the end of 2023. 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 O for the amounts. List debit entry before credit entry) Account Titles and Explanation eTextbook and Media Debit Credit