*Brief Exercise 12-5 On September 1, 2017, Bramble Corporation acquired Aumont Enterprises for a cash payment of $700,000. At the time of purchase, Aumont's balance sheet showed assets of $640,000, liabilities of $190,000, and owners' equity of $450,000. The fair value of Aumont's assets is estimated to be $830,000. Compute the amount of goodwill acquired by Bramble. Value assigned to goodwill *Brief Exercise 12-8 Concord Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $330,000. The Johnson Division's net assets, including the goodwill, have a carrying amount of $700,000. The fair value of the division is estimated to be $668,000 and the implied goodwill is $298,000. Prepare Concord journal entry to record impairment of the goodwill. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit *Brief Exercise 12-9 Marin Industries had one patent recorded on its books as of January 1, 2017. This patent had a book value of $412,800 and a remaining useful life of 8 years. During 2017, Marin incurred research and development costs of $97,000 and brought a patent infringement suit against a competitor. On December 1, 2017, Marin received the good news that its patent was valid and that its competitor could not use the process Marin had patented. The company incurred $93,500 to defend this patent. At what amount should patent(s) be reported on the December 31, 2017, balance sheet, assuming monthly amortization of patents? The amount to be reported