On January 1, 2005, Giant Planting purchased a patent for a new rose for $1,000,000. The patent has a legal life of 10 years and a useful life of 5 years. What adjusting journal entry should Giant prepare on December 31, 2005, relative to this patent? a. Amortization Expense $200,000 ...

Ok, my 10th grd math teacher asked us to write a paper about beating the amortizations on debt... but all I have been able to come up with is the meaning of it... and several amortization calculators, but these aren't telling me what I need. Does anyone know any thing about this?? :confused:

Brief History: I came to US on F1 in 2001 and graduated in 2003. I have been employed from October, 2003 on my OPT and my H1 started in May, 2004. I changed my employer in 2004 and in 2005 I had to leave the country to be with my family in my home country. I was out of the country from April 2005...

Can I use amortization for a security system just put in for a small business.. how do I do it?