A light bulb manufacture purchased machines for $15,000 and used the machines for 4 years making 90,000 light bulbs. Machines lvere worth $2.000 at the end of their life. The first year, 15,000 light bulbs were made and the second year 20,000 light bulbs were made. Under the Double-declining balance method Year 1 expenses were $7,750 True False A light bulb manufacture purchased machines for $15.000 and used the machines for 4 years making 90,000 light bulbs Machines were worth $2.000 at the end of their life. The first year 15.000 light bulbs were made and the second year 20,000 light bulbs were made. Under the Double-declining balance method Year 2 expenses were 4.125 True False If an organization acquired a copyright on a new music alburn for $25,000 and estimated it would be able to sell that music album for the next eight years, it would amortize $3.125 a year, the journal entry for each year would be to Debit copyright and Credit Amortization Expense. True O False A light bulb manufacture purchased machines for $15.000 and used the machines for 4 years making 90,000 light bulbs. Machines were worth $2,000 at the end of their life. The first year, 15,000 light bulbs were made and the second year 20.000 light bulbs were made. Under the Straight line-method, the depreciation costs for the first two years of business was $3,375 per year for both years True False An organization acquired a copyright on a new music album for $25,000 and estimated it would be able to sell that music album for the next eight years, it would amortize $3,125 a year True False