Michael Company has been experiencing significant losses in prior years. On December 31, 2019, the assets and liabilities are:

Cash	P15,000,000
Accounts receivable	25,000,000
Allowance for doubtful accts	2,500,000
Inventory	30,000,000
Land	20,000,000
Building	55,000,000
Accum. depreciation - building	5,000,000
Equipment	12,000,000
Accum. depreciation - equipment	2,000,000
Goodwill	4,000,000
Accounts payable	25,000,000
Loans payable	15,000,000

The entity determined that the value in use of the CGU is P139,500,000.

The accounts receivable are considered collectible, except those considered doubtful.

The inventories are carried at lower of cost and net realizable value (LCNRV).

The fair value of the land is reliably determined to be P19,500,000.

The carrying amount of the building after allocation of impairment loss is ____________

For fraction generated: Do NOT round off any quotient as a result of simplifying ratio or fractions.