Brazo De Mercedes Company purchased an equipment on January 2, 2018 for P2,000,000. The equipment is depreciated using straight line method, has an estimated useful life of 8 years and no salvage value. On December 31, 2019, the equipment has a fair value of P1,300,000 and estimated cost of disposal of P20,000. A net cash flow of P310,000 per year is expected from the asset from its continuing use. Applicable discount rate is 10%. (Round of PV Factor to 4 decimal places.) On December 31, 2021, the equipment has a fair value of P1,100,000 and estimated cost of disposal of P50,000. How much is the gain on impairment reversal for 2021?     P0 P50,000 P149,905 P99,905

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