mute end of 2017, Bridgeport Corporation owns a licence with a remaining life of 11 years and a carrying amount of $540,000. Bridgeport expects undiscounted future cash flows from this licence to total $544,600. The licence's fair value is $435,500 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $484,000. Bridgeport prepares financial statements in accordance with ASPE. Determine if the licence is impaired at the end of 2017. The licence at the end of 2017. 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.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assume the recoverable amount under ASPE (undiscounted future cash flows) is calculated to be $500,000 at the end of 2018. Determine if the licence is impaired at the end of 2018. Version 4.24.21.1 Assume the recoverable amount under ASPE (undiscounted future cash flows) is calculated to be $500,000 at the end of 2018. Determine if the licence is impaired at the end of 2018. The licence at the end of 2018. 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.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT