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The following information was taken from PURPLE Companys 2020 statement of comprehensive income: Profit before income taxes 1,500,000 Income tax expense: Current 564,000 Deferred 42,000

The following information was taken from PURPLE Companys 2020 statement of comprehensive income:

Profit before income taxes 1,500,000
Income tax expense:
Current 564,000
Deferred 42,000 606,000
Profit after income taxes 894,000

2020 was PURPLEs first year of operations. The company has a 30% tax rate and the management decided to use the accelerated depreciation for tax purposes and the straight-line method for financial reporting purposes. The amount charged to depreciation expense for financial reporting purposes was P600,000. Assuming no other temporary differences existed between book income and taxable income, what amount did PURPLE deduct as depreciation on its tax return for 2020?

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