Problem 31-9 (AICPA Adapted) sear 1,2019 Tarnish Company purchased equipment on January for P5,000,000. The equipment had an estimated 5-ves life. The accounting policy for 5-year assets is to use t double declining balance method for the first two the asset's life and then switch to straight line de e the 200 wo yeste of depreciation) od be reported On December 31, 2021, what amount should be re as accumulated depreciation? a. 3,000,000 b. 3,800,000 C. 3,920,000 d. 4.200,000 Problem 31-10 (IAA) Saga Company purchased a machinery on January 1, 2 for P7,200,000. The machinery had useful life of 10 years wit no residual value and was depreciated using the straie line method. In 2019, a decision was made to change the depreciati method from straight line to sum of years' digits. The estimate of useful life and residual value remained unchanged. What is the depreciation for the current year? a. 1,260,000 b. 1,440,000 c. 916,360 d. 720,000 Problem 31-11 (AICPA Adapted) On January 1, 2017, Bride Company purchased for P2,400,000 a machine with a useful life of ten years and no residual value. The machine was depreciated by the double declining balance method. The entity changed to the straight line method on January 1, 2019. What is the depreciation for the current year? a. 153,600 b. 192,000 c. 240,000 d. 307,200 784