Problem 9-19A Intangible assets LO7 On October 1, 2020, Kingsway Broadcasting purchased for $315,000 the copyright to publish the music composed by a local Celtic group Kingsway expects the music to be sold over the next five years. The company uses the straight-line method to amortize intangibles Required: Prepare entries to record a. The purchase of the copyright: View transaction list Journal entry worksheet 1 Record purchase of copyright Note: Enter debit before credit b. The amortization for the year ended December 31, 2020, calculated to the nearest whole month. View transaction list Journal entry worksheet