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1. On January 1, 2020, Precious Company sold an equipment costing P600,000 which had a carrying amount of P450,000, receiving a P150,000 down payment and,

1. On January 1, 2020, Precious Company sold an equipment costing P600,000 which had a carrying amount of P450,000, receiving a P150,000 down payment and, as additional consideration, a P400,000 nonin...

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