The equipment of a subsidiary acquired January 1, 20x5 has a cost and accumulated depreciation of P300,000 and P170,000, respectively. The equipment is appraised at P320,000 at the acquisition date. Assuming the equipment has a 10-year remaining life, what is the amount of the purchase differential amortization to depreciation expense in 20x7?

Select one:

P17,000

P15,000

P2,000

P19,000