at how much should the asset be recorded upon the reclassification as held for use on december 31, 2023?

how much is the additional loss recorded on december 31, 2023 upon reclassification of the asset as held for use?

PROBLEM 13 On January 1, 2023, MNO Company classified non-current asset as held for sale that had a carrying value of P3,750,000. On this date, the assets are expected to be sold for P3,450,000. Disposal costs of P150,000 were expected. On December 31, 2023, the asset had not been sold. After considering its options, management decided to put back the noncurrent asset for use in operations. On that date, the company's financial managers estimated the noncurrent asset was now expected to be at P2,700,000, with the disposal cost of P75,000, while the depreciation for 2023 was computed at P750,000 if the noncurrent asset was not classified as held for sale. 18. At how much should the asset be recorded upon the reclassification as held for use on December 31,2023 ? 19. How much is the additional loss recorded on December 31,2023 upon reclassification of the asset as held for use