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On Docember 31, It was estimated that goodwil of 56,000,000 was impaired. In additon, a patent with an es5mated usoful econornic lfe of 12 years

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On Docember 31, It was estimated that goodwil of 56,000,000 was impaired. In additon, a patent with an es5mated usoful econornic lfe of 12 years was acquired for $1,500, o00 on Aprit 1 Required: A. Journatee the adusting entry on Docember at for the impaired goodail. Aeter to the chat of Accounts for exact wording of acoount biet: B. Jounalite the adjusting enty on December 31 for the amorizaton of the patent rights. Aedor to the Chart of Accounts for axact wording of account tes A. Journalize the adjusting enty on Docember 31 for the impaired goodwil. Aefer to the Chart of Accounts for exact wording of account pless. B. Joumalize the adusting enty on December 31 for the amevtzation of the patent right. Aefer to the Chart of Account for exact wording of account sibe

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