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1.) Light Company purchases a landed property named Colorpop at a cost of P120,000,000. In the sale and purchase agreement, P30,000,000 of the purchase price

1.) Light Company purchases a landed property named Colorpop at a cost of P120,000,000. In the sale and purchase agreement, P30,000,000 of the purchase price is attributed to the land portion. The bui...

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