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September 1, 2014 ABC Inc, purchased for cash of $90,000 a patent with a useful to of 10 years. ve the entries to record :

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September 1, 2014 ABC Inc, purchased for cash of $90,000 a patent with a useful to of 10 years. ve the entries to record : a. The purchase of the patent. b. The amortization on December 31, 2014 (calculated to the nearest whole montir) nter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format didmenn o, January 15 would be 15dan). Ensure accuracy in your calcuni round final Page 2 Accor Eation Dub Crodd General Journal Date

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