Question 51 2 pts On December 31, 2020, ABC Corporation sold for P75,000 an old machine having an original cost of P135,000 and a book value of P60,000. The terms of the sale were as follows: P15,000 down payment P30,000 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest peso? (The present value of an ordinary annuity of 1 at 9% for 2 years is 1.75911.) O 60,000 105,546 O 52,773 O 67,773 Question 52 2 pts ABC Corporation purchased a truck at the beginning of 2020 for P75,000. The truck is estimated to have a residual value of P3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2020 and 32,000 miles in 2021. What is the depreciation expense for 2021? O P19,200 OP32.000 O P20,000 OP53,333