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Question 2: (8 Points): C1, D3 At the end of 2017, the carrying value of the copyright was $900,000 and the fair value $60,000. The

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Question 2: (8 Points): C1, D3 At the end of 2017, the carrying value of the copyright was $900,000 and the fair value $60,000. The copyright has a remaining useful life of 5 years. Instruction: 1 - Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2017. 2- Prepare the journal entry to record the amortization of the copyright at December 31, 2017

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