it expects to use ratably over the remaining term of the lease. What is the journal entry to record the expenditure? How much amortization will AA report and for how many years? What is the journal entry for the first year? Prepare the journal entry to record the expenditure made in the current year. (Record debits first, then credits. Exclude explanations from any journal entries.) Next, compute how much amortization will AA report and for how many years? The annual amortization expense is for years . Finally, prepare the journal entry to record the first year's amortization. (Record debits first, then credits. Exclude explanations from any journal entries.)