The following information is for a copyright owned by Bridgeport Corp., a publicly accountable entity, at December 31, 2020. Bridgeport Corp. applies IFRS.

Cost$4,339,000

Carrying amount2,168,000

Expected future net cash flows (undiscounted)2,017,000

Fair value1,568,000

Assume that Bridgeport Corp. will continue to use this copyright in the future. As at December 31, 2020, the copyright is estimated to have a remaining useful life of 8 years. The copyright's value in use is $1,865,000 and its selling costs are $113,000.

(a) Prepare the journal entry, if any, to record the asset's impairment at December 31, 2020.(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 0 for the amounts.)

(b) Prepare the journal entry to record amortization expense for 2021 related to the copyright.(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 0 for the amounts.)

(c) The copyright's fair value at December 31, 2021, is $2.3 million. Prepare the journal entry, if any, to record the increase in fair value.(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 0 for the amounts.)