A on July 1, 2020 ABC Co purchased a patent for $1,200.000 The patent legally protects the owner for 20 years the company plans to use it for 30 years Required:Prepare the journal entry to record the amortization expmae on Dec 31, 2020 B.On January 1, 2017 Sa Co purchaied equipment costing 5624 000. The equipment has been deprecated in the straight line withod band ca estimated salvage value of 54.000 und an estimated seful life of 6 years on April , 2020, the company told the equipment for $280,000 cash Required. Prepare journal entries to record The partis year's depreciation (the update) e April , 2000, 2. The sale of the equipment on April 1, 2000, YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr Cash 10000 Cu Land 10000