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Moving to another question will save this response. Question 10 A. Manam Co purchased a Trademark for $ 160,000 on October 1, 2020. The Trademark
Moving to another question will save this response. Question 10 A. Manam Co purchased a Trademark for $ 160,000 on October 1, 2020. The Trademark is legally used for 10-year penod Required: Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2018, Zallaq Trading Co acquired a truck costing $850,000 Zallaq uses the straight-line method to depreciate the truck with an estimate 720,000 cash Required. Prepare journal entries to record 1 The partial year's depreciation (the update) on July 1, 2020 2. The sale of the truck on July 1, 2020 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 10000 Cr Land 10000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10(Mac). BIV Paragraph Arial 2 I a Q 10pt Tii A c 4 points me truck with an estimated salvage value of $50,000 and an estimated useful life of 20 years. On July 1, 2020, Zallaq sold the truck for - - od Q6 E3 X X, Il +]
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