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Knowledge Check 01 Aplington Company purchased a copyright for $25,000 and intends to use it for 25 years. Prepare the appropriate journal entry to record the annual amortization of the copyright. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Transaction Answer is complete but not entirely correct General Journal Amortization Expense Accumulated Amortization Debit 4.000 Credit 4,000