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On October 1, 2019, Venus Company purchased machinery for P1,900,000. Salvage value was estimated to be P100,000. The machinery will be depreciated over eight years

On October 1, 2019, Venus Company purchased machinery for P1,900,000. Salvage value was estimated to be P100,000. The machinery will be depreciated over eight years using the sum-of-years'-digits method. If depreciation is computed on the basis of the nearest full month, how much should Venus record depreciation expense for 2020 on this machinery?

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