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Journalize the edjusting entry to amortize a patent from the following: Cost of Patent purchased on January 1,$150,000 Patent to be amortized over 10 years

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Journalize the edjusting entry to amortize a patent from the following: Cost of Patent purchased on January 1,$150,000 Patent to be amortized over 10 years Journalize the adjusting entry to amortize a patent. (Record debits first, then credits. Exclude explanations from journal entries)

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