On July 1, 2018, Vios Company purchased the rights to a mine for P13,000,000, of which P1,200,000 was allocable to the land. Estimated reserves were 1,500,000 tons. The entity expects to extract and sell 25,000 tons per month. The entity purchased mining equipment on July 1, 2018 for P9,500,000. The mining equipment had a useful life of 8 years. However, after all the resource is removed, the equipment will be of no use and will be sold for P500,000. What is the depreciation for 2018?

a. 1,800,000

b. 1,125,000

c. 900,000

d. 562,000