on October 1st 2018 modern company purchased a patent for $153,600 cash although the patent gives legal protection for 20 years the patent is expected to be used for only 8 years. journalize the amortization expense for the year ended December 31 2018 assume straight-line amortization

Begin by calculating the amortization expense for 2018 select the formula enter the amounts and calculate the amortization.

Requirement 2. Journalize the amortization expense for the year ended December 31, 2018. Assume straight-line amortization Begin by calculating the amortization expense for 2018, Select the formula, enter the amounts and calculate the amortization expense. (Enter a D zero value. Do not round intermediary calculations Only round the amount you input for straight-line amortization to the nearest dollar)) Straight-line / 12 ) amortization x ( /12) ]x ( Choose from any list or enter any number in the input fields and then click Check Answer Check Ar part remaining Clear All