Please provide a solution for the answers.

Problem 4. Information pertaining to Rane Co.'s property, plant, and equipment for 2006 is presented below Account balances at January 1, 2018 Debit Credit Land 150 000 Building 1 200 000 Accumulated Depreciation 263 100 Machinery and Equipment 900 000 Accumulated Depreciation 250 000 Automotive Equipment 115 000 Accumulated Depreciation 84 600 Depreciation methods used and useful life: Building - 150% declining balance; 25 years Machinery and equipment - straight-line; 10 years Automotive equipment - SYD; 4 years The salvage value of the assets is immaterial. Depreciation is computed to the nearest month. Transactions during 2018 and other information: On January 1, Rane purchased a new car for P10 000 cash and trade-in of a two-year-old car with a cost of P9 000 and a book value of P2 700. The new car has a cash price of P12 000; market value of trade-in is not known On April 1, a machine purchased for P23 000 on April 1, 2013, was destroyed by fire. Rane covered P15 500 from its insurance company On July 1, machinery and equipment were purchased at a total invoice cost of P280 000; additional costs of P5 000 for freight and P25 000 for installation were incurred. Rane determined that the automotive equipment comprising the P115 000 balance at January 1, would have been depreciated at a total amount of P18 000 for the year ended December 31, 2018. 1. What is the correct depreciation expense of 2018 for each PPE item? Building Machinery and Equipment Automotive Equipment 2. What is the correct accumulated depreciation as of Dec. 31, 2018 for the ff. PPE items? Building Machinery and Equipment Automotive Equipment