Question: please correct mine if it is wrong. let me know what the numbers are and if they are debited or credited please and ty .

please correct mine if it is wrong. let me know what the numbers are and if they are debited or credited please and ty. Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the patent on a straight-
line basis since 2020, when it was acquired at a cost of $25.2 million at the beginning of that year. Due to rapid technological
advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the
nine-year life being used to amortize its cost. The decision was made at the beginning of 2024.
Required:
Prepare the year-end journal entry for patent amortization in 2024. No amortization was recorded during the year.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer
in millions rounded to 2 decimal places (i.e.,5,500,000 should be entered as 5.5).
please correct mine if it is wrong. let me know

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