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1.) On January 1, 2019, Black Corp. which uses the fair value model, purchases an investment property at a cost of P55,000,000. On December 31,

1.) On January 1, 2019, Black Corp. which uses the fair value model, purchases an investment property at a cost of P55,000,000. On December 31, 2019, the market value of the property is P60,000,000. T...

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