Bugis Corp. acquired a machine on January 1, 2008.Details of the machine at December 31, 2015 are given below:

Component Cost Depreciation basis

Engine P170,000,000 Useful life of 40,000 hours

Outer casings 510,000,000 25 years straight line

Other components 255,000,000 12 years straight line

During the year 2016, the following events took place:

- Engine, which had run for 30,000 hours till date developed serious snags.It was replaced by a better engine with a cost of P238 million and estimated life of 50,000 hours.The new engine was used for 5,000 hours during the year.

- Polishing and painting was done to the outer casings at a cost of P1.3 million.

- Other components were upgraded at a cost of P102 million.The remaining life of the other components is 5 years.

Compute the total depreciation for the year 2016, assume that all the work mentioned above was completed at the beginning of 2016.