On January 1, 2017, F Company signed a 12-year lease for a building.F Company has an option to renew the lease for an additional 8-year period on or before January 1, 2020.During January 2019, F Company made substantial improvements to the building.The cost of the improvements was P3,600,000, with an estimated useful life of 15 years.At December 31, 2016, F Company intended to exercise the renewal option.F Company has taken a full year's amortization on this improvement.What should the depreciation charge for the year ended 31 December 2019?