Equipment for immersion cooling of electronic components has an installed value of P 819,000 with an estimated trade-in value of P 25,000 after 15 years. Using Declining Balance method, what is the...

Equipment for immersion cooling of electronic components has an installed value of P 819,000 with an estimated trade-in value of P 25,000 after 15 years. Using Declining Balance method, what is the total depreciation at the end of 7 years?

a) P 518, 220.28

b) P 438, 420.87