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- 1 . Jessic Merchandising owns a special machinery costing P 1 0 0 , 0 0 0 which the company acquired on March 1

-1. Jessic Merchandising owns a special machinery costing P100,000 which the company acquired on March 1 of the current year. The machinery will have a salvage value of 10,000 after its estimated useful life of five years.
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