·Question: Alphabet Inc. purchased a trademark for $250,000. The trademark has a useful life of 15 years. Calculate the annual amortization expense using the sum-of-the-years'-digits method and provide the journal entry to record the amortization expense for the first year.

Requirements:

• Calculate the annual amortization expense using the sum-of-the-years'-digits method.
• Provide the journal entry to record the amortization expense for the first year.