Question 1 4 points Se mer A. On July 1, 2020 ADC Co purchased a pateret for $2.400,000. The patent legally protects the ner for 20 years and the company plans to me it for 30 years Required: Prepare the journal entry to record the montiration expense on Dec 31, 2020 B. on January 1, 2017, Sarco puchmed equipment costing 5312,000. The has been depreciated using the straight line method based on estimated salvage value of $24,000 and nestimated tidlife of year. On April 1, 2020, the company sold the equipment for $ 140,000 cash Kuid. Prepare journal entries to record The partial depreciation (the update) on April 1, 2020 2. The sale of the equipment on April 1, 2036 YOUR ANSWILSHOULD BE IN THE FOLLOWING FORNE, DO NOT US-ETWEEN NUMERA D C 10000 C 10000 T For the footpre ALTO PC ALTEN.( MC 1 Paragraph Arial 14 TE 27. > TO