Exercise 12-14 {Part Level Submission} At the end of 201?, Concord Corporation owns a licence with a remaining life of 11 years and a carrying amount of $501,000. Concord expects undiscounted future cash ows from this licence to total $506,500. The licence's fair value is $396,400 and disposal costs are atimated to be ml. The licence's discounted cash ows (that is, value In use) are estimated to be $442,500. Concord prepares nancial statements in accordance with ASPE. V (a) Detem'ilne if the licence is Impaired at the end of 201?. The llcence II5 "at Impahd vI at the end of 2017. Prepare any related entry that is necemry. {Credlt account titles are automatically lml'ented' when the amount ls entered. Do not lndent manually. If no entry l's requlred, select \"No Entry" for the annual tltles and enter 0 for the amounts. ) mundane Elqllanaon non: audit chlss on Impairment - Goodwill E l l 0| l l | Goodwill | | | | 0| 'ILINKTDTEI'I']|L1NKTDTEXT