Question 4 points 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 capense on Dec 31, 2020 s.On January 1, 2018, Zailag Trading Co. moquired a truck costing $850,000. Zallaq uses the straight-line method to depreciate the truck with an estimated alage 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 I For the toolbar, press ALT F10 PC or ALT+FN-F10 (Mach. B 1 Paragraph 10pt IEE Av ZI X 62 ::: xx, x TT * S2 . E Cr. Land 10000 Arial V OD li H. - 1 = O WORDS POWERED BY TIN Moving to another question will save this response. Question of