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Question 4 [8 points] On September 1, 2014 Southgate Inc. purchased for cash of $90,000 a patent with a useful life of 10 years Give

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Question 4 [8 points] On September 1, 2014 Southgate Inc. purchased for cash of $90,000 a patent with a useful life of 10 years Give the entries to record a The purchase of the patient bThe amortization on December 31, 2014 (calculated to the nearest whole month) Enter the transaction better as the description when entering the transactions in the journal Dates must be entered in the format commm (January 16 would be 150) Eure accuracy in your calculations and round only your final answer to the newest while doll General Journal Account planen F Debt Credit Page DO

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