A surveillance equipment bought by FabLab Mindanao 2 years ago has been book- depreciated by the straight-line method using a 5- year useful life. If the book value at the end of year 2 is P240,000 and the company assumed that the equipment would be worthless at the end of its 5-year useful life. What is the book depreciation charge each year? White Your poswer below and show the complete soldon in your Solution sheet [2.5 points] by What was the first cost of the equipment? White your answer below and show the complete solution in your solution sheet [2.S points]