into agricultural . As , the company has farm lokated in the province of consist of age group bearer trees. year old and The relevant information : Dec. Fair Value 000 4200.000 Value P2.400.000 P3.600.000 Farm with 3 year old Farm with year old bearer tre Farm with 5 old bearer tre including the they bear 6.380.000 PS.400.000 year old trees started to during the last quarter of the year As of December 2018. - old trees beat Fruits that are ready to be harvested . The estimated vakke cost to sell for the fruits is P500.000 There change in the value the contributary and as December 312018 bearer plants considered to have dual purpose , what amount of the change in the the hearer plants that pertains to during the year ?

Martian realized his lifelong dream of becoming a vineyard owner when he was able to purchase the Hillside Vineyard at an estate auction in October 1. 2018 for P2.000:000. The fair value of the land being the contributory asset is P800,000. Martian retained the Hilhide name for his new business. The purchase was risky became the growing season was coming to an end. the pages must be harvested in the next several weeks, and Martian has limited experience in carrying off a grape harvest. At the end of the best quarter of operations Martian is feeling pretty good about his early results. The first harvest was a success: 300 bushels of grapes were harvested with a value of P1 200 000 (based on current commodity prices at the time harvest. And given the strong vickd from area vineyards during the season. the net realizable value of Martian's Vineyard has increased to P2,500.000 at the end of the first quarter, The contributory asset has increased by P200,000. After storing the grapes for a short period of time. Martian was able to sell the entire harvest for P1,400.000 on December 28: 2018 At what amount should be bearer plant be reported in the statement of financial position of Martian at the end of the first quarter D P1 200 000