Amortization and Depletion Entries

Data related to the acquisition of timber rights and intangible assets during the current year ended December $31$ are as follows:

a$.$ On December $31,$ the company determined that $$980,000$ of goodwill was impaired. one$-$fourth of a year.

c$.$ Timber rights on a tract of land were purchased for $$1,725,000$ 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:

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.

$\backslash$table$[[$Item$,$Impairment, Amortization or De$],[$a$.,$$