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Cullumber Company purchases a patent for $100,000 on January 2, 2022. Its estimated useful life is 10 years. Prepare the journal entry to record amortization

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Cullumber Company purchases a patent for $100,000 on January 2, 2022. Its estimated useful life is 10 years. Prepare the journal entry to record amortization expense for the first year. (Credit account titles ore automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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