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please solve Below is the presented information for Ahmed Company's Patent at December 31, 2020. Purchased Price Carrying amount Value-in-use Fair value less costs to

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Below is the presented information for Ahmed Company's Patent at December 31, 2020. Purchased Price Carrying amount Value-in-use Fair value less costs to sell SR 3.400,000 3,1000,000 2,400,000 1,950,000 Ahmed Company will be using the patent in the upcoming years. The patent has a remaining useful life of 6 years as of December 31, 2020, Instructions: (a) If any, record the impairment of the asset at December 31, 2020 by preparing the journal entry. (b) Journalize the amortization expense for 2021 for the patent. (c) As of December 31, 2021, the recoverable amount of the patent is now SR. 2,500,000. If any, prepare a joumal entry to record the change in fair value. (d) Based on the same requirements asked in (c), assume the recoverable amount is 1,800,000. prepare a journal entry to record the change in fair value. (e) In January 1", 2022, Ahmed purchased a Trademark for SR. 1.200,000. Journalize the transaction. (1) Assume the Trademark has a legal life of 10 years and useful life of 11 years. Calculate the amortization expense for the month of January 2022

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