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A building acquired 15 years ago for P8,000,000 is currently estimated to have a replacement cost of P12,000,000, effective life of 10 years and a

A building acquired 15 years ago for P8,000,000 is currently estimated to have a replacement cost of P12,000,000, effective life of 10 years and a remaining economic life of 30 years. The building was...

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