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3. On March 1, 2021 CALVIN COMPANY acquired a piece of land with a building for a lumpsum amount of P1,000,000. The building was too

3. On March 1, 2021 CALVIN COMPANY acquired a piece of land with a building for a lumpsum amount of P1,000,000. The building was too old and dilapidated rendering it unusable and worthless. CALVIN COM...

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