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090/24501211250230985151630490156 The following information relates to a patent owned by Carla Vista Company 0 O 02:15:43 Cost Carrying amount Expected future net cash flow Fair

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090/24501211250230985151630490156 The following information relates to a patent owned by Carla Vista Company 0 O 02:15:43 Cost Carrying amount Expected future net cash flow Fair value $4,046,000 1,836,000 1.440,000 1,296,000 Prepare the journal entry of any) to record the impairment of the asset at December 31, 2019, assuming Carla Vista will continue to use the asset in the future. (Credit account titles ar automatically indented when the amount is entered. Do not indent manually. If no entry is required. select "No Entry for the account titles and enter for the amounts: Account Titles and Explanation Debit Credit Using the same assumption as part above, prepare the journal entry to record amortization expense for 2020 assuming the assets aremaining useful life of 3 years at the beginning of 2020. (Credit accounties are automatically indented when the amount is entered. Do not indent mollit ne entry is required, select "No Entry for the counter and enero for the amounts) Account Titles and Explanation Debit Credit Using the same assumption as part al above, prepare the journal entry lifanyl at December 31, 2020, assuming the fair value of the asset has increased to $1,748.000. (Credit account titles are automatically indented when the amount is entered Do not indian mo n ey ord e r for the accounts and enter for the amounts Account Titles and Explanation Debit Credit Prepare the journal entry of any to record the impairment of the assetat December 31, 2019, assuming Carla Vista ceaseduse the patent at the end of 2019 and intends to dispose of the patent in the coming year. Carla Vista expects to incur a $9.900 costo disposal (Credit account titles are automatically indented when the amount intered Dometindent mon t e entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit

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