During the current par, $1,011,900$ boird leet of limber were of and soat

b$.$ On December $31,$ the company deleminet that $53,3s,000$ of moodelf was mpared. Amvetrabet it th te for thee lourthe cl a yoar

Arguired:Instructions

Data related to the acquisition of timber rights and intangtie assets during the current year ended December $31$ are as follows:

a$.$ Timber rights on a tract of land were purchased for $$2,40,370$ on February $22.$ The stand of timber is estimated at $5,957,000$ board fo During the current year, $1,013,950$ board feet of limber were cut and sold.

b$.$ On December $31,$ the company determined that $$3,385,000$ of goodnill was impared.

c$.$ Govemmental and legal costs of $58,425,000$ were incurred on April $3$ in otbining a patent wth an estimated economic life of $10$ years Amortization is to be for theep$-$fourths of a year

Required:

Determine the amount of the amortzabion, depletion, or imparment for the current year for each of the forngoing toms.

Jobinative the aquasting enthes nequired to recond the amortization, depletion, or impaiment for each fem.

All work saved.

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