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Prepare the journal entry to record the impairment of the asset at December 3 1 , 2 0 2 5 . The company does not
Prepare the journal entry to record the impairment of the asset at December The company does not use accumulated Presented below is information related to a copyright owned by Cullumber Company at December
Assume that Cullumber Company will continue to use this copyright in the future. As of December the copyright is
estimated to have a remaining useful life of years.
amortization accounts. If no entry is required, select No Entry" for the account titles and enter for the omounts. Credit account titles
are automatically indented when amount is entered. Do not indent manualle. List debit entry before credit entry.
Account Titles and Explamation
Debit
Credit
Loss on Impairment
Copprights
eTextbook and Media
List of Accounts
Attempts: of used
b
Prepare the journal entry to record amortization expense for related to the copyrights. ff no entry is required, select No
Entry for the account tities ond enter for the amounts. Credit account titles are automaticolly indented when omount is entered. Do not
indent monually List debit entry before credit entry
Account Titllas and Explanation
Debit
Credit
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