Exercise 12-18 The following information is for a copyright owned by Pronghorn Corp. a publicly .countable entity, December 31, 2020. Ponghom Corp.pl Cost 54,323,000 Carrying amount 2,160,000 Expected future net cash flows (undiscounted) 2,040,000 Fair value 1.568,000 Assume that Pronghorn Corp will continue to use this copyright in the future. As at December 31, 2020, the copyright is estimated to have a real eye. The com $1,875,000 and selling costs are $123,000. Your answer is partially correct. Try aga Prepare the journal entry, if any, to record the timent at Decent 31, 2000. (Credit exeunt titles are automatically indented when the mount is entered to intenta entry is med, select "No Entry for the account titles and for the amounts) Date Account Titles and Explanation Debit Cred Dec 31, 2020'Loss or impairment Cop 25000 Accumulated me Your swer is correct Prepare the malent to record amortion expense for 2021 related to the copyright. (Credit countries are automatically indented when the entered met my entry is required, select "No Entry for the front sides and enter for the amounts) Account Titles and Explanation De Oresti Amortation Expense 2.34375 And A 22 UNT OF ACCOUNT LIR TOTEKY LETTE your answer is partially correct try The copyright's fair value at December 31, 2021, the you to end the incre which crew the entered. Do not inden fantry Register for the articles and enter of the Die Dale Accountries and pati Dec 31, 2021 yight 23 Unreal Gatos TO ACCOUNT Exercise 12-18 The following information is for a copyright owned by Pronghorn Corp. a publicly .countable entity, December 31, 2020. Ponghom Corp.pl Cost 54,323,000 Carrying amount 2,160,000 Expected future net cash flows (undiscounted) 2,040,000 Fair value 1.568,000 Assume that Pronghorn Corp will continue to use this copyright in the future. As at December 31, 2020, the copyright is estimated to have a real eye. The com $1,875,000 and selling costs are $123,000. Your answer is partially correct. Try aga Prepare the journal entry, if any, to record the timent at Decent 31, 2000. (Credit exeunt titles are automatically indented when the mount is entered to intenta entry is med, select "No Entry for the account titles and for the amounts) Date Account Titles and Explanation Debit Cred Dec 31, 2020'Loss or impairment Cop 25000 Accumulated me Your swer is correct Prepare the malent to record amortion expense for 2021 related to the copyright. (Credit countries are automatically indented when the entered met my entry is required, select "No Entry for the front sides and enter for the amounts) Account Titles and Explanation De Oresti Amortation Expense 2.34375 And A 22 UNT OF ACCOUNT LIR TOTEKY LETTE your answer is partially correct try The copyright's fair value at December 31, 2021, the you to end the incre which crew the entered. Do not inden fantry Register for the articles and enter of the Die Dale Accountries and pati Dec 31, 2021 yight 23 Unreal Gatos TO ACCOUNT