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help A. Manam Co purchased a Trademark for $ 160,000 on October 1, 2020. The Trademark is legalyd for 10 year period Required: Prepare the
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A. Manam Co purchased a Trademark for $ 160,000 on October 1, 2020. The Trademark is legalyd for 10 year period Required: Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2018, Zallaq Trading Co acquired a truck costing $850,000Zalogues the straight line method to depreciate the truck with an extra se v of $50,000 and an estimated useful life of 20 years. On July 1, 2020, Zalag sold the truck for $720 000 cash Required: Prepare joumal entries to record: 1. The partial year's depreciation (the update) on July 1, 2020 2. The sale of the truck on July 1, 2020 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT+F10 (PO) Or ALTFNF10 (Mad. Is Paragraph Arial 10pt EV A I = 0 5 11 X X, 8 T The 15 BEI (:) Step by Step Solution
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