11. General Products Company bought Special Products Divisio…

11. General Products Company bought Special Products Division in 2025 and recorded $750,000 of goodwill related to the purchase. On December 31, 2026, the fair value of the Special Products Division is $6,000,000 and it is carried on General Product’s books for a total of $5,100,000, including the goodwill. What goodwill impairment should be recognized by General Products in 2026?

45. In January of 2025, Yager Corporation purchased a minera…

45. In January of 2025, Yager Corporation purchased a mineral mine for $5,100,000 with removable ore estimated by geological surveys at 2,000,000 tons. The property has an estimated value of $300,000 after the ore has been extracted. The company incurred $1,500,000 of development costs preparing the mine for production. In 2025, 600,000 tons were removed, and 480,000 tons were sold. What amount of depletion should Yager expense for 2025?