HunterX Company purchased pressing machinery that cost P54,000 on January 4, 2023. The entire cost was recorded as an expense. The machinery has a nine-year life and a P50,400 depreciable cost. The...

HunterX Company purchased pressing machinery that cost P54,000 on January 4, 2023. The entire cost was recorded as an expense. The machinery has a nine-year life and a P50,400 depreciable cost. The error was discovered on December 20, 2025.

Ignoring income tax consideration, HunterX statement of comprehensive income for the year ended December 31, 2025 should show depreciation expense in the amount of

A.

48.400

B.

32.700

C.

16,800

Before the correction was made, the January 1, 2025, retained earnings was understated by

A

54.000

B.

48 400

C.

42.800