South Korea Inc. has an equipment costing P700,000 with an estimated salvage value of P70,000 and an  estimated useful life of six years. After using and depreciating the asset for the past two years, the  company upgraded the machine parts and the cost of upgrading amounting to P120,000. Assuming that the upgrading costs improved the quality of the asset’s output, what is the revised depreciation expense for the third year using the SYD method? A. P168,000  B. P196,000

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