Problem 3 On October 1, 2018, Miami Company bought machinery under a contract that required a down payment of P500,000 plus 12 monthly payments of P300,000 for total payments of P4,100,000. The cash price of the machinery was P3,800,000. The machinery has an estimated useful life of five years and residual value of P200,000. Daryl uses the SYD method of depreciation. In its 2019 income statement, what amount should Daryl report as depreciation for this machinery