Please put all the necessary computations. thanks

3. On January 1, 2021 the Emming Corporation purchased some machinery. The machinery has an estimated life of 10 years and an estimated residual value of P5, 000. The depreciation on this machinery was P20,000 in 2023. Required Compute the acquisition cost of the equipment under the following depreciation methods: 1. Straight-line 2. Sum-of-the-years'-digits 3. Double-declining-balance 4. The Loban Company purchased four cars for P 9,000 each, and expects that they would be sold in three years for P1,500 each. The company uses group depreciation on a straight- line basis. Required 1. Prepare journal entries to record the acquisition and the first year's depreciation. 2. If one of the cars is sold at the beginning of the second year for P 7,000, what journal entry is required? 5. The Wilcox Company acquires four machines that have the following characteristics: Machine Cost Estimated Residual Value Estimated Service Life A P26,000 P2,000 6 years 19,000 1,000 30,000 5,000 28,000 Required 1. Prepare journal entries to record the acquisition and the first year's depreciation, assuming that the composite method is used on a straight-line basis. 2. If the company sells machine B after four years for P 10,000 prepare the journal entry