clicker Question Preparation Guide: Ch. 9 clicker questions will be asked in based on your completion of this preparation guide. You will not have time to complete this guide in class! 1) Jones and Co. buys a copyright on January 1 2012 for $300,000 cash. They estimate the copyright will have a useful life of 5 years. a Write the journal entry to record amortization of the intangible asset as of 12/31/12 12/31 what amount is the copyright reported on the December 31, 2012 Balance Sheet? 2) What is the total cost (the capitalized cost) of equipment recently purchased and based on the following information: $65,000 Cash purchase price Safety testing and installation 8,500 1,500 Annual city license to operate Shipping to our factory 1,900 Routine maintenance projected for 3,500 first year of operation 3) Johnson and Sons buys equipment on Aug. 1.2008 for $95,000 cash. They estimate the equipment will have a salvage value of $11,000 and a useful life of 4 years. a. Write the journal entry to record depreciation for 2008. 12/31/08 b. Record the journal entry to record depreciation expense for the second year 12/31/09 c. What is the book value of this equipment on the December 31, 2009 Balance Sheet