Speedy Automotive Corp. made a contract with Roberts Motors to design a new self-less driver automobile. Speedy was depending on its top designer, Leonardo, to create the automobile. Two months after the contract was made, Leonardo was killed in an unfortunate accident. Speedy could not design the car without Leonardo. Subsequently, Roberts Motors sued Speedy Automotive for breach of contract, and Speedy claimed that the contract was discharged because of Leonardo's death. Speedy Automotive Corp. will be discharged from performing on the contract because of Leonardo's death. true or false

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000