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9. Details of an operating lease entered into by Seph Company were as follows: First year's rent P100,000 Second year's rent 150,000 Third year's rent

9. Details of an operating lease entered into by Seph Company were as follows: First year's rent P100,000 Second year's rent 150,000 Third year's rent 275,000 Lease bonus 60,000 Lease term 3 years How much is the rent expense on first and second year, respectively

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