Crane Data Incorporated collects customer data through a permission-based direct response survey to provide marketing information to the consumer-packaged goods industry. The customer list is a database that includes customer names, contacts, demographic and consumer purchasing information. The cost of creating the customer list is $8,190,000. It has a limited life and is amortized on a straight-line basis over 15 years. Crane has determined that the list has a residual value of $81,900. Prepare the appropriate journal entries for the capitalization of the asset and the annual amortization.