4. On January 1, 2021, an entity acquired an equipment with an estimated useful life of 10 years and estimated residual value of P50,000. The depreciation applicable to this equipment was P240,000 for 2023 computed under the sum of years' digits method. What was the acquisition cost of equipment?

On January 1, 2022, Oriole Corporation acquired equipment at a cost of $759000. Oriole adopted the sum-of-the-years-digits method of depreciation for this equipment and had been recording depreciation over an estimated life of 8 years, with no residual value. At the beginning of 2025, a decision was made to change to the straight-line method of depreciation for this equipment. Depreciation expense for 2025 would be $63250. $151800. O $94875. O $39531.