Impaired Goodenil and Arertitation of Patent On Apeil 1, a patent whth an estimated usehul economic lfe of 12 years was acquired for $66,400, th addition, on December 31, is was estimated that goodwill of 126,500 wat impaired. a. Recors the acquisition of patent. If an amount box does not require an entry, leove it biank. Apreil 1 b. Jeurnalue the adjusting entry on December 31 for the amortuation of the patent rights. Do not round imermediate calculations. If an amount box boes not reguire an entry, leave it blank. Deci 11 c. Journaize the adjusting entry on Becember 31 for the impaired goodwili. If an amount box does not reguire an entry, leave it blakk. Dec. 31