RST Company acquired a building on January 1, 2021, for P25,000,000. At that date, the building has a useful life of 50 years. The fair value of the building was P28,000,000 on December 31, 2021. The building was appropriately classified as investment property and RST is using the fair value model in accounting the investment property. What amount shall be used in the statement of financial position on December 31, 2021?

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