a. On December 31, the company determined that $1,070,000 of goodwill was impaired. b. Governmental and legal costs of $14,400,000 were incurred on September 30 in obtaining a patent with an estimated economic life of 15 years. Amortization is to be for one-fourth of a year. c. Timber rights on a tract of land were purchased for $1,800,000 on February 4. The stand of timber is estimated at 7,500,000 board feet. During the current year, 2,000,000 board feet of timber were cut and sold. Required: 1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items. Do not round your intermediate calculation. Item Impairment, Amortization or Depletion Expense a. $ b. $ C. $ 2. Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item. a. b. II II C