Use the following information for the next ve [5) questions: On July 5, 2021, Palaze Corporation imported a piece of factor}.r equipment and incurred the following costs: Purchase price 780,000.00 Nonrefundable purchase taxes 78,000.00 Broker's commission 19,500.00 Freight and handling costs 23,400.00 Insurance 15,600.00 Import duties 93,600.00 Cost of dismantling and removing old equipment 6,700.00 Assembling and Installation costs 12,200.00 Testing and trial truns 9,360.00 Cost of training staff who will be operating the equipment 9,900.00 Administrative costs 18,300.00 Selling expenses for the new product produced using the equipment 6,000.00 Proceeds from samples generated from the trial runs 5,500.00 Cost of relocating the equipment after it was installed in the intended location 25,000.00 The equipment is estimated to have a useful life of 5 years and a residual value of P50.000. Palaze Corporation accounts for its F'PE using the cost model