Impaired Goodwill and Amortization of Patent On April 1, a patent with an estimated useful economic life of 12 years was acquired for $100,800. In addition, on December 31, it was estimated that goodwill of $52,500 was impaired. a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank. April 1 Patents Cash Feedback 100,800 100,800 Check My Work Recall that goodwill is not amortized because its useful life is indefinite. b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount b does not require an entry, leave it blank. Dec. 31 Amortization Expense-Patents Patents c. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. Dec. 31 Loss from Impaired Goodwill 52,500 Goodwill 52,500

Impaired Goodwill and Amortization of Patent On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31, It was estimated that goodwill of $6,000,000 was impaired. a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank. April 1 b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. If an amount box does not require an entry, leave it blank. Dec. 31 c. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. Dec. 31 00 00

Impaired Goodwill and Amortization of Patent On December 31, it was estimated that goodwill of $1,600,000 was impaired. In addition, a patent with an estimated useful economic life of 15 years was acquired for $594,000 on August 1. a. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. 88 Dec. 31 b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. If an amount box does not require an entry, leave it blank. Dec. 31

Impaired Goodwill and Amortization of Patent On December 31, it was estimated that goodwill of $5,550,000 was impaired. In addition, a patent with an estimated useful economic life of 12 years was acquired for $720,000 on April 1. a. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. Dec. 31 b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount box does not require an entry, leave blank. Dec. 31

44. Subject :- Accounting

E Print Item Impaired Goodwill and Amortization of Patent On April 1, a patent with an estimated useful economic life of 12 years was acquired for $115,200. In addition, on December 31, it was estimated that goodwill of $56,500 was impaired. a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank. April 1 b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount box does not require an entry, leave it blank, Dec, 31 c. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. Dec. 31

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On April 1, a patent with an estimated useful economic life of 12 years was acquired for $100,800. In addition, on December 31, it was estimated that goodwill of $27,500 was impaired. a.  Record the acquisition of patent. If an amount box does not require an entry, leave it blank. April 1 Patents  fill in the blank eea2f202506803f_2 fill in the blank eea2f202506803f_3   Cash  fill in the blank eea2f202506803f_5 fill in the blank eea2f202506803f_6 b.  Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount box does not require an entry, leave it blank. Dec. 31   fill in the blank 502bbf0b5fa3fbc_2 fill in the blank 502bbf0b5fa3fbc_3     fill in the blank 502bbf0b5fa3fbc_5 fill in the blank 502bbf0b5fa3fbc_6 c.  Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. Dec. 31   fill…

Impaired Goodwill and Amortization of Patent On December 31, it was estimated that goodwill of $23,000 was impaired. In addition, a patent with an estimated useful economic life of 12 years was acquired for $57,600 on April 1. a. Journalize the adjusting entry on December 31 for the impaired goodwill. Dec. 31 b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. Dec. 31

Impaired goodwill and amortization of patent