I need Accounting help please

Cost and Amortization of Intangible Assets On January 2, 2013, Frazier Company purchased a restaurant franchise for $85,000. The terms of the franchise agreement allowed Frazier to have exclusive rights to operate a restaurant under the "Simply Fried" brand name for the next 10 years. Required: Hide Prepare any journal entries related to the franchise that Frazier should make during 2013. Jan. 2 (Record purchase of franchise) Dec. 31 (Record amortization of franchise)