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Amortization entries $ 2 3 , 0 0 0 . a . Determine the patent amortization expense for the Year 4 ended December 3 1
Amortization entries
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a Determine the patent amortization expense for the Year ended December
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lawsuit regarding a patent infringement, then the patent is written off.
b Journalize the adjusting entry on December of Year to recognize the amortization. If an amount box does not require an entry, leave it blank.
Amortization ExpensePatents
Amortization ExpensePatents
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Unlike the entries to record depreciation and depletion, the recording of amortization does not affect a contra asset account.
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