AMoving to another question will save this response. Question 1 A. On July 1, 2020 ABC Co. purchased a patent for $2,400,000. The patent legally protects the owner for 20 Required; Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2017, Sar Co. purchased equipment costing $312,000. The equipment has been depreciated Required. Prepare journal entries to record: 1. The partial year's depreciation (the update) on April 1, 2020. 2. The sale of the equipment on April 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM DO NOT USE BETWEEN NUMBER Dr. Cash 10000 Or Land 10000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px Close Window Question 1 of 12 4 points Save Antw 30 years stimated salvage value of $24,000 and an estimated useful life of 6 years. On April 1, 2020, the company sold the equipment for $ 140,000 cash 6 33 x 2 TC [+ > O WORDS POWERED BY TINY AMoving to another question will save this response. Question 1 A. On July 1, 2020 ABC Co. purchased a patent for $2,400,000. The patent legally protects the owner for 20 Required; Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2017, Sar Co. purchased equipment costing $312,000. The equipment has been depreciated Required. Prepare journal entries to record: 1. The partial year's depreciation (the update) on April 1, 2020. 2. The sale of the equipment on April 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM DO NOT USE BETWEEN NUMBER Dr. Cash 10000 Or Land 10000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px Close Window Question 1 of 12 4 points Save Antw 30 years stimated salvage value of $24,000 and an estimated useful life of 6 years. On April 1, 2020, the company sold the equipment for $ 140,000 cash 6 33 x 2 TC [+ > O WORDS POWERED BY TINY