Considerate Company has a single investment property which had an original cost of P5,800,000 on January 1, 2018. On December 31, 2020, the fair value was P6,000,000 and on December 31, 2021, the fair value was P5,900,000. On acquisition, the property had a useful life of 40 years. What is the expense recognized in profit or loss for 2021 under the fair value and cost model? a. Fair value model 147,500; Cost model 145,000 b. Fair value model 100,000; Cost model 145,000 c. Fair value model 145,000; Cost model 100,000 d. Fair value model 100,000; Cost model 147,500 Robust Company purchased an investment property on January 1, 2019, at a cost of P4,000,000. The property had a useful life of 20 years and on December 31, 2020, had a fair value of P4,800,000. On December 31, 2020, the property was sold for net proceeds of P4,500,000. The entity used the cost model to account for the investment property. What is the gain to be recognized for 2020 regarding the disposal of the investment property? a. 900,000 b. 500,000 c. 800,000 d. 700,000