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Presented below is information related to a copyright owned by Cullumber Company at December 3 1 , 2 0 2 5 . Assume that Cullumber

Presented below is information related to a copyright owned by Cullumber Company at December 31,2025.
Assume that Cullumber Company will continue to use this copyright in the future. As of December 31,2025, the copyright is
estimated to have a remaining useful life of 10 years.Prepare the journal entry to record the impairment of the asset at December 31,2025. The company does not use accumulated
amortization accounts. If no entry is required, select "No Entry" for the account titles and enter 0 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: 3 of 4 used
(b)
Prepare the journal entry to record amortization expense for 2026 related to the copyrights. (ff no entry is required, select "No
Entry for the account tities ond enter 0 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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