1. Machine A was purchased for P30 000 on January 1, 2012. It had an estimated residual value of P5 000 and an estimated service life of 10 years. It has been depreciated under the double declining balance method for 2 years. Now, at the beginning of the third year, Magic has decided to change to the straight line method.

2. Machine B was purchased for P50 000 on January 1, 2010. Straight line depreciation has been recorded for 5 years, and the Accumulated depreciation account has a balance of P25 000, Residual value is5 000.

3. Machine C was purchased for P20 000 on January 1, 2013. Double declining balance depreciation has been recorded for the year. The estimated residual value of the machine is P2 000 and the estimated service life is 5 years. The computation of the depreciation erroneously included the estimated residual value

What are the correct depreciation expenses for each of the machinery for the year 2014?

Machine A

Machine B

Machine C