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Current Attempt in Progress Presented below is information related to a copyright owned by Oriole Company at December 31, 2025. Assume that Oriole Company will

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Current Attempt in Progress Presented below is information related to a copyright owned by Oriole Company at December 31, 2025. Assume that Oriole Company will continue to use this copyright in the future. As of December 31, 2025, the copyright is estimated have a remaining usefull life of 10 years. (a) Prepare the journal entry to record the impairment of the asset at December 31, 2025. The company does not use accumulated amortization accounts. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. Prepare the journal entry to record the impairment of the asset at December 31,2025 . The company does not use accumulated amortization accounts. Iff no entry 's required, select "No Entry" for the occount titles and enter O for the amounts, Credit account tities are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.)

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