For each situation below, record the appropriate journal entry for Richter Corp and Enter the corresponding debit or credit amount Assume the company uses the straight-line method for amortization and depreciation and that all amortization and depreciation is recorded on December 31 of each year. Richter uses separate general ledger accounts to record accumulated amortization for each intangible asset.

A. April, Year 1

Richter purchased a patent with a 10 year life for 50000 from DD co. DD incurred cost $35000 developing the patent. Prepare the journal entry if any to record the patent

B. July 1 Year 1

Richter purchased scientific equipment used in product development studies having potential alternative users for future products. The equipment cost $75000 and the company paid an additional $4000 for delivery. The equipment has an estimated useful life of 5years. Prepare the journal entry, if any, to record the purchase of the equipment

C. Oct 1 year 1

Richter received an unfavorable judgement in defense of a trade mark and paid $25000 in fees to the law firm. Prepare the journal entry if any to record the legal fees.

D. Dec 31 year 1

Prepare the journal entry if any to account for the patent purchase on April 1, year 1.

E. Dec31 Year 1

Prepare the journal entry, if any, to account for thee scientific equipment purchased on July 1 year 1

F. Dec 31 Year 1

Richter had previously recorded $300000 of goodwill related to an acquisition. At Dec 31, year 1, the carrying value of the identifiable net assets acquired exceeded their fair value by $50000. The implied value of the goodwill was $310000. Prepare the journal entry, if any to adjust the carrying value of the goodwill.