BE99 Abner Company purchases a patent for SI 56,000 on January 2, 2017. Its estimated useful life is 6 years. (a) Prepare the journal entry to record amortization expense for the first year (b) Show how this patent is reported on the balance sheet at the end of the first year CHAPTER 9 Poge 35 EXERCISE 9-19 Compute Depreciation Under Units-of-Activity Method (a)Compute depreciation cost per unit (keep 3 decimal places) (b) Depreciation schedule End of Year Year 2017 2018 2019 2020 Depreciation Computation Expense DepreciationBook Value Check figure: Book value at end of 2018- $47,100 PROBLEM 9-9A Compute Depreciation Under Different Methods (a) Straight-Line Method: End of Year Year 2017 2018 2019 2020 Expense iation Book Value Check figure: Book value at end of 2018 $140,000 Continued on following page Page 36 PROBLEM 9-9A Continued CHAPTER 9 (a) Double-Declining Balance Method: End of Year Depreciation Accumulated Year 2017 2018 2019 2020 Depreciation Computation Expense Depreciation Book Value Check figure: Book value at end of 2018 = $62,500 (b) Which method would result in higher reported income for: 2017? Total over 4-year period? (c) Which method would result in lower reported income for 2017? Total over 4-year period