Problem 7 Salawahan Company had the following machineries that are depreciated under the group depreciation method: Cost Residual Value Depreciable Cost Useful Life Depreciation Equipment A P3,200,000 P200,000 P3,000,000 15 P200,000 Equipment B 2,100,000 100,000 2,000,000 8 250,000 Equipment C 5,300,000 300,000 5,000,000 10 500,000 Total P10,600,000 P600,000 P10,000,000 P950,000 After 4 years Salawahan sold Equipment A for P800,000 and purchased Equipment D for P5,000,000 to replace the asset. How much is the debit to accumulated depreciation upon sale of Equipment A? (Use 2 decimal places in computing for the composite rate, e.g., 2.51%) Problem 8 PIKACHU purchased an equipment for P540,000 on January 1, 2020. The equipment has an estimated salvage value of P60,000 and estimated useful life of 5 years. The equipment is being depreciated using the sum-of-years digit method. How much is the accumulated depreciation as of the December 31, 2022 Problem 9 Faithful Company purchased an equipment on January 2, 2021 for P3,000,000. The equipment had an estimated useful life of 5 years. It is the company's policy to use the double declining method in its first two years and then switch to the straight-line method for the remaining useful life of the asset. How much is the revised depreciation for 2023? Problem 10 In 2020, Tableta Company paid P4,000,000 to purchase a land containing a total estimated 160,000 tons of extractable mineral deposits. The estimated value of the property after the mineral has been removed is P800,000. On March 30, 2021, Tableta Company purchased mining equipment costing P1,500,000. The useful life of the equipment is 10 years. Extraction activities began in 2021 and by the end of the year, 20,000 tons had been recovered and sold. The depreciation expense pertaining to the mining equipment in 2021 amounted to? How much is the carrying value of the equipment as of December 31, 2021