Breeze Company operates a production line which is treated as a cash generating unit for

impairment review purposes. At year-end, the carrying amounts of the noncurrent assets are

as follows: Goodwill P1,100,000 and Machinery P2,200,000.

The value in use of the production line is estimated at P2,700,000 at this time.

After recognition of impairment, determine the revised carrying amount of the following:

1. Goodwill

2. Machinery