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1.) On January 1, 2020, Lily Company had capitalized cost of P15,000,000 for a new computer software product with an economic life of 5 years.

1.) On January 1, 2020, Lily Company had capitalized cost of P15,000,000 for a new computer software product with an economic life of 5 years. Sales for 2020 for the software product amounted to P5,00...

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