Question: The answer is P35,700. needed the complete solution. ABC Company purchased a machine for P300.000 on January 1, 2021, with the following additional items paid

The answer is P35,700. needed the complete solution.

ABC Company purchased a machine for P300.000 on January 1, 2021, with the following additional items paid or incurred Separation pay for laborer laid off upon acquisition of new machine P3,600 Loss on sale of machine replaced 3.900 Transportation in 3.000 Installation cost 12.000 The new machine is estimated to have a useful life of 10 years and a residual value of P12.000. On January 1, 2024, new parts which cost P37.800 were added to the machine so as to reduce its fuel consumption, but with no change in its estimated life or residual value. The annual depreciation charge on the machine for 2024 was

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