On December 31, 2017, Oriole Company acquired a computer from Plato Corporation by issuing a $614,000 zero-interest-bearing note, payable in full on December 31, 2021. Oriole Companys credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $76,000 salvage value.

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.