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Financial Accounting

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Journal Entry Record Amortization of Patent

FINACT-B9WPGD

The journal entry to record the amortization of a patent purchased for use in the business should include which of these?

Select ALL that apply.

Highlight Answer(s) Below

Debit to Patent Credit to Amortization Expense Credit to Patent Debit to Amortization Expense Credit to Accumulated Depreciation Credit to Cash