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Author Question: A patent has amortization this year of $1,200. What is the journal entry to record the amortization? (Read 89 times)

aabwk4

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on: Feb 18, 2020
A patent has amortization this year of $1,200. What is the journal entry to record the amortization?
◦ Debit amortization expense-patent, $1,200; credit Accumulated Depreciation-patent, $1,200.
◦ Debit accumulated amortization-patent, $1,200; credit patent, $1,200.
◦ Debit accumulated amortization-patent, $1,200; credit amortization expense-patent, $1,200.
◦ Debit amortization expense-patent, $1,200; credit patent, $1,200.
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Marked as best answer by aabwk4 on Feb 18, 2020

Sierray

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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aabwk4

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

Mochi

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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