PARRISH 8-6 USE OF ASSET Farmacy Stuff bought a patent for a great medical cure for $15,000 on 5/1/24. The patent has a remaining life of 5 years and it will be amortized using the straight line method.  Farmacy closes its books on December 31. 1) Journalize the amortization for 2024 2) Journalize the amortization for 2025

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