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Presented below is information related to copyrights owned by Blossom Company at December 31.2020. Assurne that Blossom Company will continue to use this copyright in

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Presented below is information related to copyrights owned by Blossom Company at December 31.2020. Assurne that Blossom Company will continue to use this copyright in the future. As of December 31,2020 , the copyright is estimated to have a remaining useful life of 10 years. (a) Prepare the journal entry to record the impairment of the asset at December 31, 2020. The company does not use accumulated amortization accounts. (ff no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Credit occount titles are outomotically indented when amount is entered. Do not indent manually)

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