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Amortization Entries Ken Company acquired patent rohtu on January 10 of year for $370,000. The patent has a nuta e equal to its logi site of eight years. On laury of meer success denied the patient in a lawsuit at a cost of $19,000 If required, round your answer to the nearest dollar, 3. Determine the patent amortization expense for the Year * ended December 31 b. Journalize the adjusting entry on December 31 of War to rucognize the amortization. If an amount bow does not rendre son entre navettunk 88