Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows: a. On December 31, the company determined that $3,400,000 of goodwill was impaired. b. Governmental and legal costs of $4,800,000 were incurred on September 30 in obtaining a patent with an estimated economic life of eight years. Amortization is to be for one-fourth of a year. c. Timber rights on a tract of land were purchased for $2,975,000 on February 4. The stand of timber is estimated at 12,500,000 board feet. During the current year, 4,150,000 board feet of timber were cut and sold. Required: 1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items. Do not round your intermediate calculations. Item Impairment, Amortization or Depletion Expense а. b. C. 2. Journalize the adjusting entries to record the amortization, depletion, or impairment for each item. а. b.

Depreciation by Two Methods; Sale of Fixed Asset New lithographic equipment, acquired at a cost of $656,250 on March 1 of Year 1 (beginning of the fiscal year), has an estimated useful life of five years and an estimated residual value of $56,400. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On March 4 of Year 5, the equipment was sold for $96,100. Required: 1.  Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by the following methods: a.  Straight-line method Year DepreciationExpense Accumulated Depreciation,End of Year Book Value,End of Year 1 $fill in the blank 6c5ae1f44078fe7_1 $fill in the blank 6c5ae1f44078fe7_2 $fill in the blank 6c5ae1f44078fe7_3 2 $fill in the blank 6c5ae1f44078fe7_4 $fill in the blank 6c5ae1f44078fe7_5 $fill in the…

Makena is a salaried, exempt employee with Caxkyat Stores. Makena is single with one dependent under 17 and earns $35,500 per year. Required: Complete the payroll register for the biweekly pay period ending March 11, 2022, with a pay date of March 16, 2022. Note: Round your dollar values to 2 decimal places. P/R End Date: Check Date: Name Makena Totals 03/11/2022 03/16/2022 Filing Status Dependents Hourly Rate or Period Wage M Company Name Number of Regular Hours \ Number of Overtime Hours Caxkyat Stores Commissions Regular Earnings 0.00 Overtime Earnings Gross Earnings $ 0.00

Need Help please