Question: B Bill Gates acquired patent rights on Sept 30, 2019 on new Microsoft software that costs $4,500,000. It has economic life of 20 years. a.

B Bill Gates acquired patent rights on Sept 30, 2019 on new Microsoft software that costs $4,500,000. It has economic life of 20 years. a. Journalize the adjusting entries for the amortization of the patent rights for 2019. (4 pts) Time left 1:11:09 b. Calculate the accumulated amortization at December 31, 2020 (same concept as accumulated depreciation). (2 pts) A B I F T calculation for part (a) Date Dec 31, 2019 III GO $3 Journal Details Dr $ Cr $ b. Calculation for (b) G

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