Salvador Company is committed to a plan to sell its headquarters building and has initiated actions to locate a buyer. As of this date, the building has a carrying amount of P5,000,000, a fair value of P6,000,000 and estimated costs to sell of P200,000. 3) How should Salvador classify the headquarters building? A. Included under property, plant and equipment at P5,000,000. B. Included under property, plant and equipment at P5,800,000. C. Classified as held for sale at P5,000,000. D. Classified as held for sale at P5,800,000. 4) Salvador Company will continue to use the building until construction of a new headquarters is completed. How should Salvador Company classify the headquarters building? A. Included under property, plant and equipment at P5,000,000. B. Included under property, plant and equipment at P5,800,000. C. Classified as held for sale at P5,000,000. D. Classified as held for sale at P5,800,000.