On April 1, 2013, Brandy Company had a machine with a cost of P1,000,000 and accumulated depreciation of P750,000. On April 1, 2013, the entity classified the machine as "held for sale" and decided to sell the machine within one year. On April 1, 2013, the machine had an estimated selling price of P 100,000 and a remaining useful life of two years. It is estimated that the disposal cost of the machine will be P10,000. On December 31, 2013, the estimated selling price of the machine had increased to P150,000 with estimated disposal cost of P20,000. 1. What is the impairment loss to be recognized on April 1 , 2013? A 160,000 B 150,000 c 100,000