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A machine costing P600,000 was acquired by Hawkeye Trading on January 1, 2020. Its estimated residual value is 60,000 and its expected life is ten

A machine costing P600,000 was acquired by Hawkeye Trading on January 1, 2020. Its estimated residual value is 60,000 and its expected life is ten years and production of 400,000 units. In 2020, Hawkeye Trading produced 36,000 units. Compute for the depreciation expense for the year using the Output or Production Method of Depreciation.

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