CONTINUATION OF QUESTIONS THAT I POSTED:

i. Stationery used up druing the year was worth $1700.

ii. The amount in the Prepaid Rent account represents a payment made on January 1, 2022 for 12 months' rent in 2022.

iii. Oilfield machinery and drilling machine were purchased on January 1, 2022 and have estimated useful life of 5 and 10 years, respectively. The oilfield machinery has no salvage value but the drilling machine has a salvage value of 25,000. Use the straight-line method of depreciation.