Long term assets

Intermediate financial accounting part b

Y (a) Your answer Is correct. Prepare the journal entry to record the Impalnnent at the asset at December 31, 2017. The company does not use accumulated amamzatlnn accounts. (11' no entry 15 required, select "No Entry" for the account titles and enter 0 for the amnunts. Credit account titles are automatically indented when amount ls entered. Do not lndent manually.) Aunt 11th and Men-loll crellt Debit \"e m mm mm _ mm mam V (1!) Prepare the jnumal entry to recon: amnrtlzatlon expense for 2018 relabed tn the copyrights. (Ifna entry is required, select \"No Entry" for the amount titles and enter D For the amounts. Credlt amen-It titles are aummatlcally laden-lied when amount ls entered. Do not lnn'enrmlnually.) mm'ru and m MI: M