Use the information provided in BE12-1. Assume that at January 1, 2006, the carrying amount of the

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Use the information provided in BE12-1. Assume that at January 1, 2006, the carrying amount of the patent on Doom Troopers’ books is $51,200. In January, Doom Troopers spends $24,000 successfully defending a patent suit. Doom Troopers still feels the patent will be useful until the end of 2013. Prepare the journal entries to record the $24,000 expenditure and 2006 amortization.

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