We Company has a single investment property, which had original cost of P5,800,000 and estimated residual value of P200,000.  on January 1, 2018. At Dec. 31, 2020, its fair value was P6,000,000 and at December 31, 2021, it had fair value of P5,900,000.  On acquisition date, the property has estimated useful life of 40 years.  The company uses fair value model for its investment property. what is the carrying value of the property at December 31, 2020?

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