The company policy on calculating depreciation for partial periods of ownership is to take 50% of the normal amount of depreciation in the year of addition or disposal. Due to the staff member's maternity leave, no depreciation or amortization expense has yet been taken in 2020. The company has goodwill and an intangible asset as follows:

Asset		Details		Original Cost as at December 31, 2019		Accumulated Amortization as at December 31, 2019		Amortization Method
Goodwill		Recorded in 2015 when thecompany took over the business of its predecessor		$500,000		$0		Not applicable
Customer list		Purchased in 2015 when the company took over the business of its predecessor		$250,000		$112,500		Straight-line over 10 years

• The customer list has lost value and will not provide benefits through to 2025, as was originally predicted. It is now expected to provide undiscounted future cash flows of $50,000 in total over the next two years. There are no estimated costs to sell the list, as it will not be sold, and the value in use is $46,000. Goodwill has a recoverable value of $700,000 as at December 31, 2020.

• Required: Determine whether the assets listed are impaired, and if so, the amount of the writedown. Known that company uses ASPE. Instruction: Place an X in the Impaired or Not Impaired box for both assets (only one X per asset). If the asset is impaired, enter the amount of the writedown in the writedown required box.

  	Not Impaired	Impaired	Writedown Required ($)
  Customer list
  Goodwill