Se nsational Company replaced a portion of a building for P2,500,000. Before the replacement, the building and accumulated depreciation accounts were Building (original life, 25 years) Accumulated depreciation (5 years expired) 9,000,000 1,800,000 Required: Prepare the journal entry to record the replacement and subsequent annual depreciation under each of the following assumptions: 1. The portion of the building being replaced had an original cost of P2,000,000. 2. Separate identification of the replaced part is not The appropriate discount rate is 5%. The practicable. present value of