NO. 4 You obtain the following information pertaining to Reddish Co.'s property, plant, and equipment for 2020 in connection with your audit of the company's financial statements. Audited balances at December 31, 2019: Land Buildings Accumulated depreciation - buildings Machinery and equipment Accumulated depreciation - Machinery and Equipment Delivery Equipment Accumulated Depreciation - Delivery Equipment Debit Credit P 3,750,000 30,000,000 P 6,577,500 22,500,000 6,250,000 2,875,000 2,115,000 Depreciation Data: Depreciation Method Useful Life Buildings Machinery and Equipment Delivery Equipment 150% declining - balance Straight-line 25 years 10 years 4 years Straight-line Leasehold Improvements Sum-of-the-years'-digits Transaction during 2020 and other information are as follows: a. On January 2, 2020, Red purchased a new truck for P500,000 cash and traded-in a 2- year-old truck with a cost of P450,000 and a book value of P135,000. The new truck has a cash price of P600,000; the market value of the old truck is not known. b. On April 1, 2020, a machine purchased for P575,000 on April 1, 2000 was destroyed by fire. Red recovered P387,500 from its insurance company. c. On May 1, 2020, cost of P4,200,000 were incurred to improve leased office premises. The leasehold improvements have a useful life of 8 years. The related lease terminates on December 31, 2026. d. On July 1, 2020, machinery and equipment were purchased at a total invoice cost of P7,000,000; additional cost of P125,000 for freight and P625,000 for installation were incurred. e. Red determined that the delivery equipment comprising the P2,875,000 balance at January 1, 2020, would have been depreciated at a total amount of P450,000 for the year ended December 31, 2020. The salvage values of the depreciable assets are immaterial. The policy of the Red Co. is to compute depreciation to the nearest month. REQUIRED. Based on the above and the result of your audit, answer the following: 1. How much is the Accumulated depreciation - Buildings as of December 31, 2020? 2. How much is the Accumulated depreciation Machinery and Equipment as of December 31, 2020? 3. How much is the Accumulated depreciation - Delivery Equipment as of December 31, 2020? 4. How much is the Accumulated depreciation - Leasehold Improvements as of December 31, 2020? 5. How much is the net gain (loss) from disposal of assets for the year ended December