the patent on December 31 of Year 5 are estimated to be $192,000 while the fair value of the patent is estimated to be $166,320. 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