Question: Show complete solutions as to why the final answer is 0. Ayo Co. operates a production line which is treated as a cash generating unit

Show complete solutions as to why the final answer is 0.

Ayo Co. operates a production line which is treated as a cash generating unit for impairment review purposes. At year-end, the carrying amounts of the noncurrent assets are as follows: Goodwill - 1,100,000 Machinery - 2,400,000 (Historical cost at P2,900,000) The value in use of the production line is estimated at P2,800,000 at this time. Given that the goodwill is tested for impairment annually, how much should be deducted from goodwill as a result of impairment, if any

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