On December 31, it was estimated that goodwill of $44,500 was impaired. In addition, a patent with an estimated useful economic life of 12 years was acquired for $72,000 on April 1.

a. Journalize the adjusting entry on December 31 for the impaired goodwill.

Dec. 31	Accumulated DepletionAmortization ExpenseCashDepletion ExpenseDepreciation ExpenseGoodwillLoss from Impaired Goodwill	- Select -
	Accumulated DepletionAmortization ExpenseCashDepletion ExpenseDepreciation ExpenseGoodwillLoss from Impaired Goodwill		- Select -

b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations.