January $1$: Purchased a fleet of vehicles for $$350,000$ via a loan from the bank. The trucks have a useful

life of six years. The loan is for six years with an interest rate of $4\mathrm{.}3\%.$ The company already owned

$$200,000$ of vehicles prior to this purchase with an accumulated depreciation of $$80,000.$

February $6$: It is determined that the intangible recorded for a patent is impaired by $$50,000.$ The patent

owned for two years was estimated to be worth $$120,000$ and has a life of $10$ years. Book the journal

entry for the impairment.

March $25$: Purchased $10-$year maturity bonds as an investment for $$45,000.$

April $5$: New construction equipment was purchased for the project at the golf course for $$120,000.$ The

forklifts have a useful life of seven years. The company already owned $$50,000$ of construction

equipment prior to this purchase with an accumulated depreciation of $$22,000.$

May $1$: A new long$-$term lease is entered into for a much larger corporate office which will house the

company and its future acquired company. The net present value of the future lease payments is

$$510,800.$ The lease is for six years.

June $14$: A forklift is disposed of that had a book value of $$7,500$ and accumulated depreciation of

$$5,200.$

June $30$: Book the depreciation for the first half of the year on the vehicles you purchased January $1.$

June $30$: Book the depreciation for the first half of the year on the construction equipment you

purchased April $5.$

June $30$: Book the interest for the first half of the year on the fleet of vehicles you purchased January $1.$

June $30$: Book the amortization for the first half of the year on the right$-$of$-$use leased asset from May $1.$