comprehensive Exam BSA Malakas Co. purchased equipment on January 2, 20011, for P50,000. The equipment had an estimated five-year service life. Turtle's policy for five-year assets is to use the 200% double-declining depreciation method for the first two years of the asset's life, out of and then switch to the straight-line depreciation method, In its December 31, 2013 balance sheet, what amount should BSA Malakas Co. report as accumulated depreciation for equipment? Select one a. P38.000 b. P30.000 c. P42.000 d. P39.200 Next page ious page