_____ On 1/1/06, Savtex, an Irish subsidiary of Pavtex, acquired a copyright for 100,000 LCU. Ireland's GAAP and income tax laws require amortization over no more than four years. Accordingly, Savtex uses a four-year life, even though the patent has a useful life of 10 years. Savtex's income tax rate is 40%. The worksheet adjusting entry required at 12/31/07 (not 2006) to restate to U.S. GAAP includes which of the following postings?

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The Answer of _____ On 1/1/06, Savtex, an Irish subsidiary of Pavtex, acquired a copyright for 100,000 LCU. Ireland's GAAP and income tax laws require amortization over no more than four years. Accordingly, Savtex uses a four-year life, even though the patent has a useful life of 10 years. Savtex's income tax rate is 40%. The worksheet adjusting entry required at 12/31/07 (not 2006) to restate to U.S. GAAP includes which of the following postings?

_____ on 1/1/06, Savtex, an Irish Subsidiary of Pavtex, Acquired