of the patent is estimated to be $97,020. Total estimated useful life remains unchanged. Required a. Determine annual amortization expense for Year 1 through Year 5. b. Determine the carrying value of the patent on December 31 of Year 5 , before assessing for impairment. c. What amount should Idea record as an impairment loss (if any) in Year 5 ? d. What is the adjusted carrying value of the patent on December 31 of Year 5 ? e. Assume that the potential health hazard was resolved in Year 6. As a result, the future cash flows from the f. What is the adjusted carrying value of the patent on December 31 of Year 6 ? of the patent is estimated to be $97,020. Total estimated useful life remains unchanged. Required a. Determine annual amortization expense for Year 1 through Year 5. b. Determine the carrying value of the patent on December 31 of Year 5 , before assessing for impairment. c. What amount should Idea record as an impairment loss (if any) in Year 5 ? d. What is the adjusted carrying value of the patent on December 31 of Year 5 ? e. Assume that the potential health hazard was resolved in Year 6. As a result, the future cash flows from the f. What is the adjusted carrying value of the patent on December 31 of Year 6