Total CGU ₱ 6,000,000.00 Value in use ₱ (4,500,000.00) Impairment loss ₱ 1,500,000.00 Multiply by share of land (1.8/6) 0.30 Impairment loss allocated to land ₱ 450,000.00
10. Decrease in retained earnings
FIFO - 1/1/22 ₱ 1,000,000.00 Weighted Average - 1/1/22 ₱ (750,000.00) Decrease in retained earnings ₱ 250,000.00