On January 1, 2021 the national government provided a grant to Brgy ACYFA2 amounting to 24,000,000 intended to contrustruct a new barangay hall provided that the said construction was finished August 15, 2021 for an amount of P32,000,000 with best estimate of the useful life at 40 years

Based on the problem, what is the net effect on the profit or loss for the year 2023?

Correct Answer: -200,000 *need solution*