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5. On January1, Bloe Marwfacturing paid 552,000 for a patent. Although it gives legal protection for 20 years, the patent is axpocted to provide a
5. On January1, Bloe Marwfacturing paid 552,000 for a patent. Although it gives legal protection for 20 years, the patent is axpocted to provide a coerpetive adrantoge for only eight years Assuming the straight-tine method of arnorization, record the journal entry for amorfitation for Year 1 . (Record debici firt then credts Select the explanaton on the last line of the joumal entry table)
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