Extracted text: 17. On January 1, 20x1, Pizzicato Co. acquired a machine for uity a portion c. (1,400,000) d. (400,000) b. ,000,00 (1,000,000) 17 On January 1, 20x1, Pizzicato Co. acquired a machine for P20.000,000. Pizzicato Co. estimated a useful life of 10 vears and a residual value of P1,000,000 and used the straight line much are the e revaluation method of depreciation. In 20x4, Pizzicato Co. changed the depreciation method to the sum-of-the-years' digits method, and the estimates of useful life and residual value to a ation 937,667 remaining 5-year useful life and P800,000, respectively. On July 21, 20x6, Pizzicato Co. sold the machine for P4,500,000. Pizzicato Co. incurred selling costs of P50,000. Pizzicato Co. 933,333 is currently 00, effecie month. How much is the gain (loss) on the sale? b. (162,237) prorates full-year depreciation on the basis of the nearest years, The t-line bass c. 175,000 d. (175,000) a. 162,237