Question 1 4 points Save Answer A. Manam Co. purchased a Trademark for $ 480,000 on October 1, 2020. The Trademark is legally used for 20-year period Required: Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2018, Zallaq Trading Co. acquired a truck costing $425,000. Zallaq uses the straight-line method to depreciate the truck with an estimated salvage value of $25,000 and an estimated useful life of 10 years. On July 1, 2020, Zallaq sold the truck for $ 280,000 cash Required. Prepare journal 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). y s Paragraph Arial 10pt BE E A v I. Xa Q = == = B E x? X2 S > 199 22 + |||| EN FAX: TO P