On January 1, 2013.

the entity acquired

a further 10% interest in the investee
for P 6,000,000.
On such date, the carrying amount of
the net assets of the investee was P
5,000,000 and the fair value of the 10%
interest was
The fair value of the net assets of the investee is
equal to carrying amount except for an equipment whose
fair value exceeds carrying amount by P 4,000,000. The
equipment has a remaining life of 5 years.
1. What is the gain on remeasurement to equity
to be recognized for 2022?