On December 31, 2017, Ivanhoe Company acquired a computer from Plato Corporation by issuing a $564,000 zero-interest-bearing note, payable in full on December 31, 2021. Ivanhoe Companys credit rating permits it to borrow funds from its several lines of credit at 12%. The computer is expected to have a 5-year life and a $73,000 salvage value. Partially correct answer. Your answer is partially correct. Try again. Prepare the journal entry for the purchase on December 31, 2017. Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2018. Prepare any necessary adjusting entries relative to depreciation and amortization on December 31, 2019.