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NNAL ENIR b points PROBLEM 5- INTANGIBLE ASSETS 5 6 $ 60,000 GENERAL JOURNAL Maple Company purchased a patent for $ a legal life of

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NNAL ENIR b points PROBLEM 5- INTANGIBLE ASSETS 5 6 $ 60,000 GENERAL JOURNAL Maple Company purchased a patent for $ a legal life of 20 years and an estimated useful life of 8 years Date Account Title Debit S: Prepare the journal entry at 12-31 to record 2021 amortization expense

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