1.) A complete laboratory equipment for chemical mixing process was purchased four years ago by a medical manufacturing firm at a price of P 1. 75 million and is expected to last ten more years. The firm uses the Matheson Formula for its depreciation cost computation and the equipment will depreciates a total value of P 1, 023, 533. 54 five years from now. Assuming that nine years after action, the equipment will be no longer operational due to excessive usage, how much more money will be needed by this firm to buy a new similar equipment if it will costs 25% higher than the old one? 2.) A lathe machine was purchased today and is expected to last 18 years with a scrap value of P 75, 200. 00. Eight years from now, the machine is expected to depreciate a total value of P 188, 800. 00 if Depreciation Method uses a Straight Line Formula. Find the book value of the lathe machine at the beginning of its 12th year life.