On October 20, 2018, Toffeenut Project Company purchased all the assets and assumed all the liabilities of Starbucks Company for P9,000,000 cash. Starbucks Company's total identifiable asset values were: Book values- P14,000,000; Fair values- P15,000,000. The total liabilities of Starbucks Company were P4,200,000. What is the amount of goodwill that Toffeenut Project Company should be recorded

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