On 1 January 2017, ABC purchased equipment with cost of P11,000,000, useful life of 10 years and no residual value. The entity used straight line depreciation.

On 31 December 2017 and 31 December 2018, the entity determined that impairment indicators are present. There is no change in the useful life or residual value.

	31 December 2017	31 December 201
Fair value less cost of disposal	8,100,000	8,400,000
Value in use	8,550,000	8,200,000

1.What is the impairment loss in 2017?

2.What is the gain on reversal of impairment in 2018?