You bought a copyright for $700,000 on 11/1/21. The useful life is 30 years and the legal life is 15 years. What is the amortization expense for 2021? a. $7,778 b. $23,333 c. $46,667 d. Copyrights are not amortized. If eqipment cost $500,000, salvage value of $50,000, and has a useful life of 15 years, what is the depreciation for the first and second year using straight-line? Assume it was bought on 7/1/21. a. First year: $33,333; Second Year: $33,333 u b. First year: $16,667; Second year: $33,333 c. First year: $15,000; Second Year: $30,000 O d. First year: $30,000; Second Year: $30,000 Which depreciation method is the most common? a. Units of Activity O b. Double-Declining c. Straight Line d. Triple-Declining