On January 4 of this year, Freckles Boutique incurs a $105,000 cost to modernize its store. Improvements iiielude new floors, ceilings, wiring, and wall coverings. 4'hese improvements are estimated to yield benefits for 10 years. Freckles leases its store and has eight years remaining on the lease. Prepare the entry to record (1) the cost of modernization and (2) amortization at the end of this current year.