On March $1,2020,$ Tebow Company purchased a patent for $$158,000$ cash.

Although the patent gives legal protection for $19$ years, the patent will be used for only $2$ years.

Assume straight$-$line amortization.

Amortization per unit

Amortization per year $x$ portion of year $=$ Amortization

$(\frac{?}{x})=$

Journalize a$)$ the purchase of the patent, and b$)$ the amortization expense of the patent as of December $31,2020.$

$\backslash$table$[[$Date$,$Description,Debit,Credit$],[$a$,,,],[$b$,,,]]$