·Question: Amazon purchased a copyright for $200,000. The copyright has a useful life of 5 years. Calculate the annual amortization expense using the units-of-production method, assuming 10,000 units of production for the year, and provide the journal entry to record the amortization expense for the first year.

Requirements:

• Calculate the annual amortization expense using the units-of-production method.
• Provide the journal entry to record the amortization expense for the first year.