G Company purchased a copyright from another company early in 2016 for $40,000. At the time of the purchase G Company determined the expected useful life of the 8PTS Q7 copyright to be 16 years. G Company had not amortized the copyright thinking that its value had not diminished Required: Prepare the journal entry necessary in 2018 to correct the books, assuming that the books have not been closed. Disregard any effect of income taxes