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7 MOVING Unter quUON WII U 4 points Save Answer Question 12 A. Manam Co. purchased a Trademark for $ 160,000 on October 1, 2020. The Trademark is legally used for 10-year period. Required: Prepare the journal entry to record the amortization expense on Dec. 31, 2020 B.On January 1, 2018, Zallag Trading Co. acquired a truck costing $850,000. Zallaq uses the straight-line method to depreciate the truck with an estimated salvage value of $50,000 and an estimated useful life of 20 years, On July 1, 2020, Zallaq sold the truck for $ 720,000 cash. Required: Prepare journal entries to record: 1. The partial year's depreciation (the update) on July 1, 2020 2. The sale of the truck on July 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE "BETWEEN NUMBERS: Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 06 Ix of hoa 10pt