On January 4,2020,SportsWorld purchased a patent for $35,000 with a useful life of 10 years.Prepare the journal entry to amortize the patent for the calendar year 2020.

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The Answer of On January 4,2020,SportsWorld purchased a patent for $35,000 with a useful life of 10 years.Prepare the journal entry to amortize the patent for the calendar year 2020.

On January 4,2020,SportsWorld Purchased a Patent for $35,000 with a Useful