help?

eBook Calico Inc. purchased a patent on a new drug. The patent cost $24,000. The patent has a life of 25 years, but Calico only expects to be able to sell the drug for 20 years. A. Calculate the amortization expense. X B. Record the journal for the first-year expense. If an amount box does not require an entry, leave it blank. Amortization Expense Patent 24,000 X 24,000 X