BE9.11 (LO 3) Ruiz Ltd. retires equipment that cost $42,000. No proceeds were received. Prepare journal entries to record the transaction assuming accumulated depreciation is (a) $42,000, and (b) $40,000. BE9.12 (LO 4, 5) Surkis Corporation purchased a patent for $180,000 cash on April 2, 2021. Its legal life is 20 years and its estimated useful life is five years. The company's year end is December 31 and it prepares adjusting entries annually. (a) Prepare the journal entries to record the (1) purchase of the patent on April 2, 2021, and (2) amortization for the first year ended December 31, 2021. (b) Show how the patent would be reported on the statement of financial position at December 31, 2021. BE9.13 (LO 4) A company manufacturing hockey bags registered trademarks for $1,000 cash for its revolutionary RackDri bags on June 1, 2021. On December 1, 2021, it paid $10,000 cash for legal costs to successfully defend its trademarks in court. (a) Prepare the journal entry to record the (1) registration of the trademarks on June 1, and (2) legal costs on December 1. (b) Should the cost of the trademarks be amortized? Explain. BE9.11 (LO 3) Ruiz Ltd. retires equipment that cost $42,000. No proceeds were received. Prepare journal entries to record the transaction assuming accumulated depreciation is (a) $42,000, and (b) $40,000. BE9.12 (LO 4, 5) Surkis Corporation purchased a patent for $180,000 cash on April 2, 2021. Its legal life is 20 years and its estimated useful life is five years. The company's year end is December 31 and it prepares adjusting entries annually. (a) Prepare the journal entries to record the (1) purchase of the patent on April 2, 2021, and (2) amortization for the first year ended December 31, 2021. (b) Show how the patent would be reported on the statement of financial position at December 31, 2021. BE9.13 (LO 4) A company manufacturing hockey bags registered trademarks for $1,000 cash for its revolutionary RackDri bags on June 1, 2021. On December 1, 2021, it paid $10,000 cash for legal costs to successfully defend its trademarks in court. (a) Prepare the journal entry to record the (1) registration of the trademarks on June 1, and (2) legal costs on December 1. (b) Should the cost of the trademarks be amortized? Explain