ABC Company purchased an equipment on April 1, 2020 for Php500,000 with a 5 year useful life. On June 1, 2020, the entity purchased a machinery for Php2,000,000 with a 5-year useful life. The depreciation method the entity uses for equipment is sum of the years' digit, while double declining balance for machineries. Residual values are estimated at 10% of acquisition cost. How much is the depreciation expense for the 1st quarter of 2021? Select the correct response: Php230,000 Php137,500 Php150,000 Php210,000 None of the above