SV who may part 100.000 oratore per leggerentur 20 years, the promo De lor 20 years, the patent is expected to provide a compet mortization, me Requirements ord debits first, then credits Select the ation 1. Assuming the straight-line method of amortization, make journal entries to record (a) the purchase of the patent and (b) amortization for the first full year. 2. After using the patent for four years, MP learns at an industry trade show that another company is designing a more efficient printer. On the basis of this new information, MP decides, starting with Year 5, to amortize the remaining cost of the patent over two remaining years, giving the patent a total useful life of six years. Record amortization for Year 5. Print Done Clear all ere help