Rose Company accounts for noncurrent assets using the cost model. On October 30, 2020, Rose classified a noncurrent asset as held for sale. At that date, the asset’s carrying amount was P750,000, its...

Rose Company accounts for noncurrent assets using the cost model. On October 30, 2020, Rose classified a noncurrent asset as held for sale. At that date, the asset’s carrying amount was P750,000, its fair value was estimated at P550,000 and the cost to sell at P75,000. On November 20, 2020, the asset was sold for net proceeds of P400,000. What amount should be included as loss on disposal in Rose statement of comprehensive income for the year ended December 31, 2020?