On January 1, 20x1, COCKY ARROGANT Co. acquired a plece of equipment 1 point for P4,000,000. The equipment will be used to reproduce gaming software that is expected to be marketed for 3 years. The equipment is expected to be used in producing products over the next two years, after which the equipment will be disposed of at a negligible amount. The estimated revenues from the software are as follows: 20x1 = 120,000,000; 20x2 = 80,000,000; 20x3 = 40,000,000; Total = 240,000,000. The actual revenue earned in 20x1 is P180,000,000. The depreciation expense in 20x1 Is most likely equal to * 3,000,000 2,000,000 2,977,667 O 333,333