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mocult rewe On April 1, a patent with an estimated usetul economic life of 17 years was acquired for $653,933. In addition, on December 31, it was estimated that goodwill of $4,009,100 was impaired. "Record the acquisition of patent. Refer to the Chart of Accounts for exact wording of account tifes. "Joumalize the adfusting entry on December 31 for the amartization of the patent rights. Refer to the Chart of Accounts for exact wording of account thes. "Journalice the adjusting entry on December 31 for the impaired goodwill. Aeler to the Chat of Accounts for exact wording of account tales. mecount tries