A. Manam Co. purchased a Trademark for $ 100,000 on October 1, 2020. The Trademark is...

 

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A. Manam Co. purchased a Trademark for $ 100,000 on October 1, 2020. The Trademark is legaty uned for 10-year period Required: Prepare the journal entry to record the amortization expense en Dec 31, 2020 B. On January 1, 2018, Zallaq Trading Co. acquired a truck coating $850,000. Zadag uses the straight ane method to depreciate the suck with an imamo salvage value of 0.000 of 20 years. On July 1, 2020, Zallaq sold the truck for $720,000 cash Required: Prepare joumal entries to record 1. The partial year's depreciation (the update) on July 1, 2020. 2. The sale of the truck on July 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac) Ba A 10pt Arial Paragraph V6 BI 2. I HREN #30 505E 00: TORM X² X, 117. ✓ A. Manam Co. purchased a Trademark for $ 100,000 on October 1, 2020. The Trademark is legaty uned for 10-year period Required: Prepare the journal entry to record the amortization expense en Dec 31, 2020 B. On January 1, 2018, Zallaq Trading Co. acquired a truck coating $850,000. Zadag uses the straight ane method to depreciate the suck with an imamo salvage value of 0.000 of 20 years. On July 1, 2020, Zallaq sold the truck for $720,000 cash Required: Prepare joumal entries to record 1. The partial year's depreciation (the update) on July 1, 2020. 2. The sale of the truck on July 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac) Ba A 10pt Arial Paragraph V6 BI 2. I HREN #30 505E 00: TORM X² X, 117. ✓

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