On january 1 2015 villanueva company classified

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37. On January 1, 2015, Villanueva Company classified noncurrent assets as held for sale that had a carrying amount of P2,500,000. On this date, the assets can be expected to be sold for P2,300,000. Reasonable and expected disposal cost to be incurred for sale was expected at P100,000. By December 31, 2015, the asset had not been sold and management after considering its options decided to place back the noncurrent asset into operations. On that date, Villanueva’s managers estimated the noncurrent asset was now expected to be selling at P1,800,000 with the disposal cost of P50,000, while depreciation for 2015 was computed at P500,000 if the noncurrent asset was not classified as held for sale. How much is the additional loss that shall be reported in the 2015 statement of comprehensive income on December 31, 2015?
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