uestions A. On July 1, 2020 ABC Co. purchased a patent for $ 1,200,000. The patent legally protects the owner for 20 years the company plans to use it for 30 years Required: Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2017, Sar Co. Purchased equipment costing $ 624,000. The equipment has been depreciated using the straight - line method based on estimated salvage value of $ 18,000 and an estimated weful life of 6 years on April the company sold the equipment for $ 280,000 cash. Required: Prepare journal entries to record: 1. The partial year's depreciation (the update) on April 1, 2020. 2. The sale of the equipment on April 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE "," BETWEEN NUMBERS: Dr. Cash 10000

& A. On July 1, 2020 ABC Co. purchased a patent for $ 1,200,000. The patent legally protects the owner for 20 years the company plans to use it for 30 years Required Prepare the journal entry to record the amortization expense on Dec 31, 2020 B. On January 1, 2017, Sar Co. Purchased equipment costing $ 624,000. The equipment has been depreciated using the straight line method based on estimated salvage value of $ 18,000 and an estimated weful life of 6 years On April 1,2020, the company sold the equipment for $ 280,000 cash Required: Prepare journal entries to record 1. The partial year's depreciation (the update) on April 1, 2020 2. The sale of the equipment on April 1, 2020 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE "BETWEEN NUMBERS Dr. Cash 10000 Cr. Land 10000.

estions A. On July 1, 2020 ABC Coperdumed utenfor $1,200,000 The legally protect theme for 20 years the.com Kersted: Prepare the journal entry to record the most expense on Dec 31, 2030 IL On January 1, 2017, Sa Copachated equent cost 5694.000. The been deprecated in the line theo the company sold the equipment for $280.000 cash Required:Prepare journal entries to record 1. The partial year's depreciation (the update on April 1, 2020 2. The sale of the equipment on April 1, 2020 YOUR ANSWER SHOULDE IN THE FOLLOWING FORM TO NYE WENNUM 1r Cash 10000 C Land 10000 For the toolbar.press ALTH 10 (PC) or ALT INF10 Mac B 1 Paragraph Arial 14 E E A