Please do step by step calculations it will help me understand better

ME - -18 Team , ht alraa -Hairst - ) | Exercise 12-16 At the end of 2020, Dayton Corporation owns a licence with a carrying amount of $530,000. Dayton expects undiscounted future cash flows from this licence to total $535,000. The licence's fair value is $425,000 and disposal costs are estimated to be nil. The licence's discounted cash flows that is, value in use) are estimated to be $475,000. Assume that the licence was granted in perpetuity and has an indefinite life, and that Dayton prepares financial statements in accordance with ASPE. Assume that the licence was granted in perpetuity and has an indefinite life. Determine if the licences impaired at the end of 2020, The licenc at the end of 2020. impaired is not impaired Prepare any rentre entry that is necessary. (Or account titles are automatically indented when the amount is entered. Do not indent manually. It no entry is required, select "No Entry for the account titles and enter for the amount.) Account Tides and Explanation Debit Credit DOW LIST OF ACCOUNTS LINK TO TOT LINK TO TEXT Assume the recoverable amount is calculated to be $450,000 at the end of 2021. Determine if the licences impared at the end of 2021 The bicence at the end of 2021 Prepare any reled 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 "Mo Entry for the account tities and enter for the amounts.) Account Titles and Explanation Debit Credit HOWURT OF ACCOUNTS LIYOTOKE