choose the right answer only

On 01-01-2021 the office supplies account had a balance of $700. By 2021, the company had purchased supplies for $1,000. In 2022, the business purchased supplies for $1,000 and consumed office supplies for $900. On 2023-01-01 the company had supplies of $300. All purchases are accounted for in the office supplies account. In 2021, the office supplies consumed account amounts to: Question options:

$700

$1,700

$1,500

$1,000

none of the above

$0

chooose right answer only

The IJK company purchased a machine on 2015-05-01 at a cost of $100,000. The machine is depreciated using the declining balance method. The service life of the machine is 6 years. The declining balance rate is 12%. The residual value of the machine is $1000. The company sold the machine on 01-01-2021 for $50,000. The net book value of the machine as of 01-01-2021 is ? (Where applicable, round to the nearest dollar, for example: 23.15 = 23; 23.65=24): Question options:

$51,449

No answer fits

$50,000

$1,449

$48,551