WW Corporation owns 70 percent of the outstanding stock of HH, Incorporated. On January I, 20x4, WW acquired a building with a 10-year life for P300,000. WW anticipated no salvage value, and the building was to be depreciated on the straight-line basis. On January 1, 20x5 WW sold this building to HH for P280,000. At that time, the building had a remaining life of eight years but still no expected salvage value. In preparing financial statements for 20x5 How does this transfer affect the computation of consolidated net income? __________ (amount, then increase or decrease)

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A:

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