GIVEN: MJJ Company acquired a machine on July 1, 2011 and paid the following bills: Invoice price P 840,000 Freight in 35,000 Installation cost 45,000 The estimated useful life of the machine is 8 years and the residual value, P 20,000. The estimated output is 180,000 units. The production for 2017 and 2018 is 5,000 and 20,000 units respectively. REQUIRED: Compute depreciation for 2017 and 2018 under each of the following methods: Output method Double declining balance