Mr. A, a citizen and resident of the Philippines, died leaving the following properties:

Real and personal properties P3,000,000

Land and Building inherited from the father 1 years ago (with a fair market value at that time inherited, of P1,500,000) P2,000,000

Motorbike, purchased with cash of P600,000 received as gift from the mother during the year 500,000

Cash (including P500,000 received by inheritance from the father) P1,500,000

Claims against the estate 600,000

Unpaid mortgage on the land and building inherited (from an original of P600,000 when inherited) 100,000

How much is the vanishing deduction for motorbike?

Show solution and if you will write please write eligibly.