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Prepare the December 31 entry for Cheyenne Corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with a
Prepare the December 31 entry for Cheyenne Corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with a residual value of $3,920. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List debit entry before credit entry.)
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