O oblem Set: Module Five X CengageNOWv2 | Online tea X CengageNOWv2 | Online tea( X * 4-1+Assignment+Internal+Cox + enow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... A G Impaired Goodwill and Amortization of Patent On April 1, a patent with an estimated useful economic life of 12 years was acquired for $86,400. In addition, on December 31, it was estimated that goodwill of $47,500 was impaired. a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank. April 1 Patents X Cash Feedback Check My Work Recall that goodwill is not amortized because its useful life is indefinite