Question: Siarang question Journal Inntractions Keen Company acquired patent nights on January 10 of Year 1 for $657,700. The patent has a notule equal to slogalife


Siarang question Journal Inntractions Keen Company acquired patent nights on January 10 of Year 1 for $657,700. The patent has a notule equal to slogalife of eight years. On January 7 of Year 4. Kleen sal defended the patent in a lawsuit at a cost of $36.000 Required: a. Determine the patent amorasion expense for Your 4 ended December 31, b. Journakre the adjusting entry on December 3 of Year 4 to recognire the amortization. Refer to the Chart of Accounts for exact wording of accounts Starting question a Determine the patent amortation expense for Your 4 ended December 31. Round your answer to the nearest whole doline. B. Joumalize the industing entry on Detmer 31 of Year & to recognize the amortization. Ploter to the Chart of Accounts for exact worry of account des PAGE JOURNAL ACCOUNTING EQUATION DATU POST. IF DET CMEDI LARRATIS QUITY DESCRIPTION Adjusting Entries
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