AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 (01) units and working hours of 100,000 + 1,500 hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Sol ve for the following:  a. Straight Line Method - Total Depreciation after the 1st year - Book value at the end of 2nd year Kindly provide a COMPLETE and CLEAR solutions.

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