UR Company purchased a customer database and a formula for a new fuel substitute for diesel fuel for a total of P100,000. UR Company uses the expected cash flow approach for estimating the fair value of these two intangibles. The appropriate interest rate is 5%. The potential future cash flows from the two intangibles, and their associated probabilities, are as follows:

Customer Database: Outcome 1 - 20% probability of cash flows of P10,000 at the end of each year for 5 years.

Outcome 2 - 30% probability of cash flows of P2,000 at the end of each year for 4 years.

Outcome 3 - 50% probability of cash flows of P200 at the end of each year for 3 years.

Formula: Outcome 1 - 10% probability of cash flows of P50,000 at the end of each year for 10 years.

Outcome 2 - 30% probability of cash flows of P30,000 at the end of each year for 4 years.

Outcome 3 - 60% probability of cash flows of P10,000 at the end of each year for 3 years.

How much should be recognized as customer database?