96. ABC Company has an equipment that has a book value of Php 384,000 as of December 31, 2019. On December 1, 2021, the entity decided to sell the equipment in early 2022. The fair market value of the equipment and its estimated disposal cost are as follows: December 31, 2021 Fair value Disposal cost 295,000 15,000 303,000 18,000 220,000 20,000 December 31, 2022 December 31, 2023 After all of the entity's efforts, it was not able to find an acceptable offer for the equipment, hence on january 1, 2024, the entity decided not to sell the equipment. On this date, the remaining life of the equipment is 4 years. The value in use on this date is 180,000 and there has been no revision in the equipment's useful life. How much is the depreciation in 2024? a. 45,000 b. 48,000 C. 44 poo* d. 46,000