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8. Perfect Co. received an unconditional donation of a piece of equipment from Fifth, Inc. The equipment has a fair value of P2,000,000. Requirements: Provide

8. Perfect Co. received an unconditional donation of a piece of equipment from Fifth, Inc. The equipment has a fair value of P2,000,000. Requirements: Provide the journal entry assuming: a. Fifth, Inc. is a shareholder of Perfect Co. b. Fifth, Inc. is an unrelated party

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