Current Attempt in Progress At the end of 2023, Monty Corporation owns a licence with a carrying amount of $519,000. Monty expects undiscounted future cash flows from this licence to total $524,800. The licence's fair value is $414,500 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $467,600. Assume that the licence was granted in perpetuity and has an indefinite life, and that Monty prepares financial statements in accordance with ASPE. Assume that the licence was granted in perpetuity and has an indefinite life. Your answer is partially correct. Determine if the licence is impaired at the end of 2023. The licence is impaired at the end of 2023.