On January 1, 2021, Entity A received land with fair of PHP 200,000 from the government conditioned on the construction of a building on the lot. Entity A started immediately the construction and it...

Extracted text: On January 1, 2021, Entity A received land with fair of PHP 200,000 from the government conditioned on the construction of a building on the lot. Entity A started immediately the construction and it was completed on December 31, 2021 for a total cost of PHP 1,000,000. The building has an estimated useful life of 10 years and zero residual value. How much is the depreciation expense recognized in 2023 under the following presentation? Gross Presentation a. 100,000 Net Presentation 80,000 b. 100,000 80,000 c. d. 80,000 100,000 100,000 80,000