no 9

Question 9 1 pts An entity extracts natural oil in the country. On January 1, 2020, the entity constructed drilling platform for P2OM, and is required by Philippine law to remove and dismantle the platform. The entity has estimated that such decommissioning costs will cost the company P10,000,000 at the end of the asset's useful life of 8 years. On January 1, 2022. it was estimated that the future value of this obligation decreased by P3,000,000 due to precautions taken by the Company in maintaining the land where the platform is situated. Using an implicit rate of 12%. dctcrminc depreciation cxpcnsc in 2022 following the change in estimate. O 3.095.000 0 2.500.000 3.170,000 O 2,675.000