On January 2, 2024, Sana Company is committed to a plant to sell a manufacturing facility and has initiated actions to locate a buyer. Sana does not intend to transfer the facility to a buyer until after it ceases all operations of the facility and eliminates the backlog of uncompleted customer orders. The facility was constructed for a total cost of P6,300,000. Its estimated useful life was for a period of 30 years and with an estimated salvage value of P300,000. As of January 2, 2024, the carrying value of the facility is P4,300,000 and a recoverable value of P4,500,000. As of December 31, 2024, Sana has yet to complete the customer’s orders and the facility has a recoverable amount of P4,275,000. On December 31, 2024, Sana should classify the facility as

A. Property, plant and equipment valued at P4,300,000.

B. Property, plant and equipment at P4,100,000.

C. Non-current asset held for sale and valued at P4,500,000.

D. Non-current asset held for disposal and valued at P4,275,000.