Presented below is information related to a copyright owned by Cullumber Campany at December $31,2025.$

Assume that Cullumber Company will continue to use this copyright in the future $A_s$ of December $31,2025,$ the copyright is

estimatad to have a ramaining useful life of $10$ years.

Your answer is correct.

Prspars the journal entry to racord the impairmant of the assat at December $31,2025.$ The company doss not use accumulated

amortization accounts. $($if no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles

are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

Lo$$ on lmealment

eTextbook and Medla

Llst of Accounts

Attempts: $1$ of $2$ used

$($b$)$

Prspars the journal entry to racord amortization expense for $2026$ related to the cogyrights. $($If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not

indent manually. List debit entry before credit entry$]$

Account Titles and Explanation

Debit

Credit