BTS, INC. Leases an old building which it tends to improve and use for administrative purposes. The company pays a bonus of P100,000 to obtain the lease. Annual rental for the 10-years leased period is P200,000. No option to renew the lease or right to purchase the property is given by the lessor. After obtaining the lease, improvements on the leased building are made costing P400,000. The building has an estimated remaining useful life of 19 years. What is the amount of annual depreciation (straight-line), if any, should BTS, Inc. record? a. P 30,000 b. P 0 c. P 40,000 d. P 50,000