Problem 30-10 (IFRS) . Meager Company purchased a machinery with a useful life of 10 years on January 1, 2019 for P6,500,000. On December 31, 2019, the amount the entity would receive from the disposal of the asset if it was already of the age and in the condition expected at the end of the useful life was estimated at P700,000. Inclusive of inflation the actual amount expected to be received on disposal was estimated at P900,000. What is the depreciation for the current year? a. 580,000 b. 650,000 560,000 0 763