TIMED TASK NEED HELP ASAP,TY!

Indonesia Company currently uses a machine in its operations for the manufacture of widgets. The machine was originally acquired on Januar 1, 2016 for P 2,200,000 and has a useful life of 8 years with no residual value at the end of its useful life. Indonesia is a calendar-year company and uses the straight-line method of depreciation. A law was made effective December 30, 2018, restricting the use of the widgets produced by the machine. Consequently, Indonesia reviewed the machine for possible impairment. As of December 31, 2018, the following information is available: Total remaining undiscounted cash inflows P 2,400,000 Total remaining undiscounted cash outflows 1,300,000 Total remaining undiscounted cash flows (net) P1,100,000 Assume that the remaining annual undiscounted cash flows will be received at the end of each of the remaining years of useful life. Assum further that the appropriate discount rate is 10%. Present value information: PV of P1 at 10% for five periods 0.62 PV of ordinary annuity of P1 at 10% for five periods 3.79 PV of annuity due of P1 at 10% for five periods 4.18 Based on quoted prices and the condition of the machine, Indonesia estimates the net selling price of the machine to be P700,000. On December 31, 2020, the machine was again tested for impairment, and found to have a recoverable amount of P950,000. Indonesia Company uses the cost model in measuring the machine subsequent to initial recognition. How much is the depreciation expense for the year 2019? O 275,000 104,225 183,920 O 166,760