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1.) On January 1, 2018, Nickel Co. purchased a land for P12,000,000. The company expected to extract 2,000,000 tons of mine from this land over

1.) On January 1, 2018, Nickel Co. purchased a land for P12,000,000. The company expected to extract 2,000,000 tons of mine from this land over the next 20 years at which time, the residual value of t...

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