Will rate on multiple accounts if all 3 are answered

pom Question 57) FALL Ltd has the following selected transactions during the year ended December 31, 2019: January 1: Purchased a copyright for $90,000 cash and incurred legal fees amounting to $15,000 to defend it in court. The copyright has a useful life of six years and a remaining legal life of 30 years. March 1: Acquired a franchise with a contract period of nine years for $540,000; the expiration date is March 1, 2027. Paid cash of $40,000 and borrowed the remainder from the bank. September 1: Purchased a trademark for $75,000 cash. he journal entry to record the transaction on January 1 would include: a. a debit to copyright for $90,000 b. a debit to legal fee expense for $15,000 March 1: Acquired a franchise with a contract period of nine years for $540,000: the expiration date is March 1, 2027. Paid cash of $40,000 and borrowed the remainder from the bank. September 1: Purchased a trademark for $75,000 cash. The journal entry to record the transaction on January 1 would include: O a. a debit to copyright for $90,000 b. a debit to legal fee expense for $15,000 O c. a debit to amortization expense for $17,500 Od. a credit to accumulated amortization for $17.500 e. a debit to copyright for $105,000 a Question 48) In calculating depreciation, residual value is a. the fair value of the asset on the date of acquisition. b. subtracted from accumulated depreciation to determine the asset's depreciable cost. O c. added to the asset's cost to determine the depreciable amount. d. ignored in all the depreciation methods. e. subtracted from the asset's cost to determine the depreciable amount. log January 1: Purchased a copyright for $90,000 cash and incurred legal fees amounting to $15,000 to defend it in court. The copyright has a useful life of six years and a remaining legal life of 30 years. March 1: Acquired a franchise with a contract period of nine years for $540,000, the expiration date is March 1, 2027. Paid cash of $40,000 and borrowed the remainder from the bank. September 1: Purchased a trademark for $75,000 cash. The journal entry to record the transaction on March 1 would include: O a. a debit to goodwill for $540,000 Ob. a debit to cash for $40,000 c. a debit to bank loan for $500,000 Od. a credit to bank loan for $500,000 o e a debit to franchise for $500,000