Solich Sandwich Shop had the following long-term asset balances as of December 31, 2018: Accumulated Cost Depreciation Book Value Land $ 81,000 $ 81,000 Building 446,000 $184,740) 361,260 Equipment 202,800 (47,200) 155,600 Patent 180.000 (72,000) 108,000 ak Solich purchased all the assets at the beginning of 2016 (3 years ago). The building is depreciated over a 20-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 8 year useful life using the straight-line method with an estimated residual value of $14,000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2016 and 2017, 2. For the year ended December 31, 2018, record amortization expense for the patent. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ences View transaction list Journal entry worksheet 1 > Record the amortization on the patent. Notes Enter debits before credits Transaction General Journal Debit Cred