there is three journal entries for the whole thing

Amortization and depletion entries Starting questions Chart of Accounts Journal Instructions Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows: A Timber rights on a tract of land were purchased for $1,600,000 on February 22. The stand of timber is estimated at 5,000,000 board feet. During the current year, 1,100,000 board foot of timber were cut and sold B. on December 31, the company determined that $3,750,000 of goodwill was impaired. C. Governmental and legal costs of $6,600,000 were incurred on April 3 in obtaining a patent with an estimated economic life of 12 years. Amortization is to be for three-fourths of a year. Required: 1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items 2. Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item. Refer to the Chart of Accounts for exact wording of account des depletion entries Instructions Starting queslyns Chart of Accounts Journal Instructions Starting questions 1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the items in the Instructions A $ B $ eBook Calculator Printem Amortization and depletion entries Instruction Starting questions Chant of Accounts Journal - Journal 2. Journalize the wansactions and the adjusting entries on December 31. Refer to the Chart of Accounts for exact wording of account aides Scroll down to access pages through 3 of the journal a. Timber rights on a tract of land were purchased for $1,600,000 on February 22. The stand of amber is estimated at 5,000,000 board foet During the current year 1,100,000 board feet of simber were cut and sold PAGE 1 JOURNAL ACCOUNTING EQUATION DATE POST. REF. DENT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Adjusting Entries b. On December 31. the comoan determined that $3.750.000 of cool was impaired