5. 5) On December 31, 2017, Karen Company signed a 4-year non cancellable finance lease for a machine for Php 487,447. The machine has a useful life of 8 years. Karen Company regularly uses the straight line method of depreciation on similar assets. Assume that the cost of the machine includes a Php 50,000 gross bargain purchase option. At the end of the lease, Karen Company expects to exercise the bargain purchase option. Karen Company estimates that the equipment fair value will be Php 60,000 at the end of its useful life. How much is the depreciation expense on December 31, 2018? Using the above facts, except that instead that the cost of the machine include Php 50,000 gross guaranteed residual value, how much is the depreciation expense on December 31, 2018?