27. A plant asset originally cost$64,000 and was estimated to have a $4,000 salvage value at the endof its 5-year useful life. If at the end of three years, the assetwas sold for $12,000, and had accumulated depreciation recorded of$36,000, the company should recognize a ______________ on disposalin the amount of $____________.

28. The cost of a patent should beamortized over its __________________ life or its _______________life, whichever is shorter.

29. In recording the purchase of abusiness, goodwill should be recorded for the excess of________________ over the _________________ of the net assetsacquired.

30. The process of allocating to expense the cost of an assetover its useful life is called __________________ for tangibleplant assets and __________________ for intangible assets.