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A. Manam Co purchased a Trademark for $ 480,000 on October 1.2020 The Tracemark is legally used for 20year period Required: Prepare the journal entry

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A. Manam Co purchased a Trademark for $ 480,000 on October 1.2020 The Tracemark is legally used for 20year period Required: Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2018, Zata Trading Co acquired a truck costing $425,000. Zallaq uses the straightene method to depreciate the truck with an estate age of 25.000 de of 10 years. On July 1, 2020, Zallaq sold the truck for $250,000 cash Required:Prepare youma entries to record 1. The partial year's depreciation (the updates on July 1, 2020 2. The sale of the truck on July 1, 2020

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