Impaired Goodwill and Amortization of Patent On April 1, patent with an estimated useful economic life of 12 years was acquired for 572,000. In addition, on December 31, it was estimated that goodwill of $50,500 was impared . Record the acquisition of patent of an amount box does not require an entry, leave it blank. 1. Journaltheating entry on December 31 for the amortization of the patent nights. Do not round intermediate calculations amount does not requirean entry leave it back Dec 31 cumalize the adjusting entry on December for the word goodwill. If an amount boxes on leven Dec. 11 Net