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5. On January 1, Orange Manufacturing paid $40,000 for a patient. Although it gives legal protection for 20 years, the patient is expected to provide

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5. On January 1, Orange Manufacturing paid $40,000 for a patient. Although it gives legal protection for 20 years, the patient is expected to provide a competitive advantage for only record the journal entry for amortization for Year 1. Record debt first, then it Select the explanation on the last line of the journali ste) assuming the method of amenion

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