36.On january 1,20x1, Buckle Co. purchased a machine that had a list price of P 46,320. Buckle Co. paid cash of P18,000 and executed a one-year non-interest bearing note for thebalance. The going rate of interest was 18%. The machine has a 6-year life and no residual-value. Depreciation expense on the SYD basis at the end of 20x1 is:

• P14,690
• P12,000
• P13,234
• Answer not given
• P8,092