1. On January 1, 2011, Plumber Inc, purchased a machine for P2,640,000 and depreciated it by the straight line method using an estimated life of eight (8) years with no residual value. On January 1, 2014, the entity determined that the machine had a useful life of six (6) years from the date of acquisition with a residual value of P240,000. Compute for the accumulated depreciation of the machine on December 31, 2014. 2. On January 1, 2012, Fan Industries purchased a machine for P2.400,000 with a useful life of 10 years and no residual value. The machine was depreciated by the double declining balance method and the carrying amount of the machine was P1,536,000 on December 31, 2013. The entity changed to the straight line method on January 1, 2014. Compute for the depreciation of the machine for the year ended December 31, 2014 3. On January 1, 2014, Italy Corporation has determined that a revision in the estimate associated with the depreciation storage facility was appropriate. The facility, purchased on January 1, 2012 for P6,000,000, has been depreciated using the straight line method with an estimated residual value of P600,000 and an estimated useful life of 20 years. The entity has determined that the expected remaining useful life of the storage facility is 10 years with an estimated residual value of P800,000. Compute for the depreciation of the storage facility for 2014