Ms. Susy Nasisi, single, inherited a piece of land and a car from her father on March 18, 2017. The estate tax thereon was paid on the fair market value of the P8,000,000 for the land and P1,200,000 for the car. At the time she inherited the land, it was subject to a mortgage of P800,000. During her lifetime, she paid P500,000 on the mortgage indebtedness. On November 29, 2019, Miss Nasisi died. Included in her gross estate of P32,000,000 were the land and car which she inherited from her father. On November 29, 2019, the land had a fair market value of P8,500,000 and the car had a fair market value of P700,000. Deductions from the gross estate losses, indebtedness, taxes, etc., and transfers for public purposes amounted to P1,200,000. How much is the vanishing deduction?