question 7 4 points A. On July 1, 2020 ADC Co purchased aptent for $1.200.000 The patent legally protects the owner for 20 years the company plans to me it for 10 years Required:Prepare the journal entry to record the motion expense on Dec 31, 2020 B. On January 1, 2017. Sur Ca purchased equipment coin 5624,000. The papunet us bern deprecated many the straight line method bused on estimated talve value of 1,000 and animated useful life of year. On April 1, 2020, the company sold the equipment for $280,000 each Required. Prepare journal entries to record 1. The partial year's depreciation (the update) on April 1, 2020 2. The sale of the equipment on April 1, 2020 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM DO NOT USE HETWEEN NUMBERS Dr Cash 10000 Cr Land 10000 For the toolbar.press ALT+F10 Por ALTHEN F10 (Mac). BTU $ Paragraph Arial 14px E 2 I CROWN