17 You Company owns land and building classified as investment property. The land and buildingis being leased out under operating leases. The company uses the fair value model for all itsother investment property. Data relating to the land and building follows:CostFV Dec. 31, 2020P 10,000,000LandBuilding -----P14,000,00020,000,000 --- 9,000,000FV Dec. 31, 2021------P15,500,0008,500,000On December 31, 2021, the company decided to use the land and building for its operations.At what amount should the land and building be recorded on December 31, 2021?

You Company owns land and building classified as investment property. The land and building is being leased out under operating leases. The company uses the fair value model for all its other investment property. Data relating to the land and building follows: Cost Land P 10,000,000 FV Dec. 31, 2020 P14,000,000 9,000,000 FV Dec. 31, 2021 P15,500,000 8,500,000 Building 20,000,000 On December 31, 2021, the company decided to use the land and building for its operations. At what amount should the land and building be recorded on December 31, 2021?