Citizen Co. purchased equipment on January 2, 2016, for P500,000. The equipment had an estimated five-year service life. Citizen’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, and then switch to the straight-line depreciation method. In its December 31, year 4 balance sheet, what amount should Citizen report as accumulated depreciation for equipment?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.