Intangible Long-Term Assets Instructions Chart of Accounts Analysis General Journal Instructions B. J. Bakery had the following transactions involving intangible assets: Purchased a patent for a new pastry for $10,000 and estimated its useful life to be 10 years. Jan. 1 Apr. 1 Purchased a copyright for a cookle cutter design for $5,000 with a life left on the copyright of 15 years. Estimated that the future remaining (economic) ite of the copyright is five years. July 1 Signed a 5-year tranchise agreement and opened a Raisabon Bakery. Paid S40,000 to the franchisor. Required: 1. Using the straight-line method, calculate the amortization of the patent, copyright, and franchise. 2. Prepare journal entries to record the end-of-year amortizations using a general journal. Check My Work Email Instructor Save an All work saved. MacBook Air F10 44 F7 FS F3 & Calculator eBook Intangible Long-Term Assets General Journal Analysis Chart of Accounts Instructions Instructions Analysis B. 1. Using the straight-line method, calculate the amortization of the patent, copyright, and franchise. $1,000.00 Patent Copyright Franchise Check My Work Emal Instructor All work saved. MacBook Air 000 000 F4 80, F9 FB F6 FS F3 Intangible Long-Term Assets truction Chart of Accounts Analysis General Journal Instructions Analysis B. General Journal 1. GENERAL JOURNAL POST. BE DATE ACCOUNT TITLE DENT CREDIT Previous Check My Work Save and Exit Submit Asig All work saved. Email Instructor MacBook Air 19 30 F3 F7 FS & 23