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os 9-19 Intangible assets and amortization LO7 Assume Barrick Gold Corporation purchased mineral rights for a gold mine in Peru on October 1, 2017. by paying cash rick also paid $4,000,000 cash for water rights needed to mine the gold. Barrick is planning to mine this of $5,000,000 and incurring a non-current note payable for the $30,000,000 balance. Bar- area for 10 years. Record the purchase of the mineral rights and water rights on October 1,2017, and the ortization on December 31, 2017, Barricks year-end. Assume Barrick uses the straight-line method to amortize intangibles.

please full calculation and explanation

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