PQR Corp. presented to you the following Property, plant and equipment schedule as of December 31, 2017, in line with your audit of the same for 2018:Cost Accumulated DepreciationUseful life/Depreciation MethodLand 4,200,000 - -Building 9,000,000 3,095,100 20 years/Double DecliningMachinery and equipment 15,000,000 6,000,000 10 years/Straight lineFurniture and fixture 6,000,000 3,709,091 10 years/SYDAudit notes:a. The assets were acquired at the beginning of 2010 when the company started its operations.b. On March 1, 2018 PQR incurred P230,000 in repairs cost to the various parts of the building.c. On June 30, 2018 an old machinery which originally costs P2,400,000 was exchanged for a machinery of Perchart Company. Perchart Company acquired the said machinery at P5,000,000 on July 1, 2009. The fair value of PQR Corp.'s machinery on the exchange date was at P1,250,000. PQR Corp. paid additional cash at P200,000 on the exchange which was deemed to have the necessary commercial substance.d. On March 1, 2018 some furniture and fixtures were sold for P400,000. These furniture were originally acquired at P1,800,000. Replacement furniture were acquired on June 30, 2018 at a total installment price of P2.4M payable in 3 equal installments starting June 30, 2019. Prevailing market rate of interest on this date was at 8%. Additional freight and handling costs were paid at P138,322.Requirements: Determine the correct depreciation expenses on the following:

43. Building

44. Machinery and equipment

45. Furniture and fixture

46. What is the gain or loss on the exchange transaction on June 30, 2018?

47. What is the gain or loss on sale of the furniture and fixture in 2018?