Haemul Pajeon Company purchased a machine on January 2, 2018 for P500,000. The machine has an estimated useful life of eight years and a salvage value of P50,000. Depreciation was computed by the 200% declining-balance method. What should be the depreciation charge for the year ended December 31, 2021? * O P70,313 O P52,734 O P41, 870 O P47,461

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