prepare the Accounting Equation or Journal Entries for the following:

1. On 9/1/19, Strand Corp received a copyright. Cost = $200,000. Copyright had a 7 year legal life and an estimated useful life of 5 years. Record transaction.
2. Calculate and record Amortization expense for the year 2019 AND 2020
3. Explain the difference between Tangible Assets and Intangible Assets
4. Provide at least 3 examples of Tangible Assets and Intangible Assets