Bryn Corporation started its operations at the beginning of 2019.  An equipment was acquired on May 1, 2019 at a price of P6,000,000. The company incurred import duties and non-refundable taxes amounting to P375,000 and an installation cost of P75,000. Total estimated useful life of the equipment is 5 years and to be depreciated under sum-of-the years' digits.  The company estimates total dismantling cost of P150,000 upon the asset's retirement.  The prevailing rate of interest on this date was 10%. The present value factor of a single payment at 10% for 5 periods is 0.6209. 

REQUIREMENT:
How much is the carrying amount of the equipment at December 31, 2019?

How much is the amount taken to profit or (loss) for the year ended December 31,2020?