Natividad Company purchased a tooling machine in 2006 for P3,000,000. The machine was being depreciated on the straight-line method over an estimated useful life of twenty years, with no salvage value. At the beginning of 2016, when the machine had been in use for ten years, the company paid P600,000 to overhaul the machine. As a result of this improvement, the company estimated that the useful life of the machine would be extended an additional five years. What should be the depreciation expense recorded for the machine in 2016? Select the correct response 150,000 340,000 210,000 140,000