Hugo Corp has acquired a machine and equipment on January 1, 2018. The cost of the machine (including installation cost

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Hugo Corp has acquired a machine and equipment onJanuary 1, 2018. The cost of the machine (including installationcost and decommissioning cost), P80,000,000 and the cost of theequipment is P20,000,000. The machine produces chemical productsthat are sold to overseas customers. As a condition to operate themachine, regular inspection for faults is performed every year at acost of P1,000,000. The life of the machine is 10 years while theequipment 5 years. The company uses the straight-line method ofdepreciation. On January 1, 2021, a cost was incurred to overhaulthe machine at a cost of P4,000,000. After the overhaul, themachine is expected to produced twice as it was producing in theprior years. Also, a residual value of P1,200,000 is expected onthis machine.
What is the total carrying value of the manufacturing plant(machine, and equipment) as of December 31, 2021?