Question: with solution please Question 48 2 pts On January 1, 2021. Mighty Company purchased a new machine for P2,100,000. The new machine has an estimated

with solution please with solution please Question 48 2 pts On January 1, 2021. Mighty

Question 48 2 pts On January 1, 2021. Mighty Company purchased a new machine for P2,100,000. The new machine has an estimated useful life of nine years and the residual value was estimated to be P75,000 Depreciation was computed on the sum-of-the-years-digits method. What amount should be shown in Mighty's statement of financial position at December 31, 2022, net of accumulated depreciation for this machine? O P1,244.250 P1,306,666 P1.335,000 O P1.695.000

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