On June 1, 2020, AZ invited MG to join him in his business. MG agreed provided that AZ will adjust the accumulated depreciation of his equipment account to a certain amount, and will recognize additional accrued expenses of P40,000. After that, MG is to invest additional pieces of equipment make her interest equal to 45%. If the capital balances of AZ before and after adjustment were 556,00 and 484,000 respectively, what is the effect in the carrying value of the equipment as a result of the admission of MG?