Long-term assets that are useful in the operations of a business, are not held for sale, and are without physical qualities. During the current year ended December 31 are as follows:

a. Timber rights on a tract of land were purchased for $3,461,120 on February 22. The stand of timber is estimated at 5,408,000 board feet. During the current year, 1,028,300 board feet of timber were cut and sold.
b. On December 31, the company determined that $3,640,000 of goodwill. An intangible asset that is created from such favorable factors as location, product quality, reputation, and managerial skill.
c. Governmental and legal costs of $6,108,000 were incurred on April 3 in obtaining a patent. Exclusive rights to produce and sell goods with one or more unique features.

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 titles.