Requirements:

A summary of the property, plant and equipment owned by the entity is presented below: Factory Machinery Small building & equipment tools Patterns Total cost P4,800,000 P1,400,000 P82,000 P53,000 Est. residual value 300,000 80,000 5,000 nil Est. useful life 40 yrs. 20 yrs. 8 yrs. 4 yrs