In the AB partnership, A's capital is P150,000 and B's capital P50,000 and they share income in a 1:4 ratio, respectively. They decided to admit C to the partnership. A and B agree that some of the...

In the AB partnership, A's capital is P150,000 and B's capital P50,000 and they share income in a 1:4 ratio, respectively. They decided to admit C to the partnership. A and B agree that some of the inventory is obsolete. C contributed P50,000 for a 40% interest in capital and 30% in the profit/loss sharing.

Determine the amount of inventory write-down.