Exercise 12-14 (ay) At the end of 2020, Dayton Corporation owns a licence with a remaining life of 10 years and a carrying amount of $530,000. Dayton expects undiscounted future cash flows from this licence to total $535.000. The licences fais value is $425,000 and disposal costs are estimated to be nil. The Scence's discounted cashows that is value in use are estimated to be 1475.000. Dayton prepares financial statements in accordance with ASPE. The recoverable amount under ASPE (urdiscounted future che towa) calculated to be $300,000 at the end of 2021. to) Explain there would be impairment. Exercise 12-14 (ay) At the end of 2020, Dayton Corporation owns a licence with a remaining life of 10 years and a carrying amount of $530,000. Dayton expects undiscounted future cash flows from this licence to total $535.000. The licences fais value is $425,000 and disposal costs are estimated to be nil. The Scence's discounted cashows that is value in use are estimated to be 1475.000. Dayton prepares financial statements in accordance with ASPE. The recoverable amount under ASPE (urdiscounted future che towa) calculated to be $300,000 at the end of 2021. to) Explain there would be impairment