Purchase a patent with a cost of 480,000, a term of 10 years, monthly amortization, and sale after two years, with a price of 400,000 and a business tax of 5. Prepare the relevant accounting entries.

1. Purchase:

Debit: 480,000 intangible assets

Loan: 480,000 bank deposits

2. Monthly amortization:

Monthly amortization = 480000÷10÷12=4000 (yuan)

Debit: administrative expenses 4000

Credit: accumulated amortization 4000

3. Transfer of ownership:

Debit: bank deposit 400,000

Accumulated amortization 96,000 (480,000÷10*2)

Non-operating expenses 4,000

Loan: Intangible assets 480,000

Taxes payable—Business tax payable 20,000 (400,000*5)