2. The patent has 8 years remaining of its legal life when acquired; this is the estimated useful life of the patent to Darin. The journal entry to record the annual patent amortization would include a A. debit to Patent or Accumulated Amortization for $1,875 B. debit to Amortization Expense for $1,875 C. No journal entry required on patent amortization. D. credit to Amortization Expense for $1,875 When Dee Company bought Darin Company, the purchase price included a patent valued at $15,000. 3. Company A uses an accelerated depreciation method while Company B uses the straight-line method. AI other things equal, during the first few years of the asset's use, Company A will show which of the following compared to Company B? A. Higher book values on the balance sheet and higher net income. B. Lower book values on the balance sheet and higher net income. C. Higher book values on the balance sheet and lower net income. D. Lower book values on the balance sheet and lower net income. E. Exactly the same book values on the balance sheet and the same net income