18 A Muhamad Beated Fray the puhased a Tradename or $120,000 on July 1, 2021. The Tradenname is legaly used for 20-year period. mal entry to read the amortization expense in Dec. 31, 20211 On January 1, 2018 Out Trading Co acquired a machine costing $125.000 The company uses the straight-line method to depreciate the truck with an estimated salvage value of $25,000 and anated f of 10 years. On March 31, 2021, The company sold the machine for $90.000 cash Required Prepare jumal entes record 1. The paral years depreciation (the update) on March 312021. 2. The sale of the machine on March 21, 2021 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr Cash 10000 C Land 10000 for the toba ALTHED (PC) d BIVS Paragraph Arial 10pt 1 IxD g Question 10 A Muhama Industrial Co purchased a Tradename t $ 120,000 on July 1, 2021. The Trademname is legally used for 20-year period. Required Prepare the journal entry to record the amortization expense on Dec. 31, 2021 B. On January 1, 2018 Gut Trading Co acquired a machine costing $125,000. The company uses the straight-line method to depreciate the truck with an estimated salvage value of $25,000 and an estimated used e f 10 years. On March 31, 2021, The company sold the machine for $ 90,000 cash. Required Propane joomal antries to recond 1. The part year's depreciation (The update) on March 31 2021 2. The sale of the machine on March 31, 2021 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM DO NOT USE BETWEEN NUMBERS Dr. Cash 10000 Cr. Lad 10000