On April 1, 2022 Brazil Company purchased and installed several furniture and fixtures items from a local furniture manufacturer and dealer under the terms 3/10, n/30. The invoice price of the furniture and fixtures was P2,200,000. Brazil settled the account on April 12, 2022. In addition, the company incurred freight and installation cost amounting to P5,000 and P8,000 respectively. Assuming an estimated useful life of 5 years and a 10% salvage value, what is the depreciation expense for the year 2022 under the double declining balance method?

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