aluation of Property each item that follows indicate in the space provided the value which iciuded in the gross estate of the decedent: 1. Mr. Cervantes devised to his son a 300 square meter lot in Quezon City. Values available follow: Approved zonal value for the locality - P10,000 per sq. m. Assessed value per assessment roll - P2,500,000 Fair market value fixed by the assessor, P2,700,000 2. Mr. Cervantes died holding 8,000 shares issued by Warranty, Inc. At the time of his death, the highest quotation in the stock exchange for each share was P200 while the lowest, P150. 3. Two years ago, Mr. Cervantes lent his friend-debtor P200,000 evidenced by a note. They mutually agreed that 18% simple interest per annum shall be charged. Exactly two years after, Mr. Cervantes died. 4. Mr. Cervantes was about to present to his long-time girlfriend in a dinner date a 24K gold engagement ring he bought that same day for P80,000. Had he opted to buy it in one year installment scheme, it would have been more expensive by P20,000. On his way to meet her, however, he met a car accident and died. 5. Warranty, Inc. is the issuer of 100,000 shares of stock held by Mr. Cervantes. The decedent has the following financial data at the time his death: Par value per share - P4.00 Outstanding shares 800,000 shs. Retained earnings - P1.2M The shares of stock are not traded in the stock exchange. aluation of Property each item that follows indicate in the space provided the value which iciuded in the gross estate of the decedent: 1. Mr. Cervantes devised to his son a 300 square meter lot in Quezon City. Values available follow: Approved zonal value for the locality - P10,000 per sq. m. Assessed value per assessment roll - P2,500,000 Fair market value fixed by the assessor, P2,700,000 2. Mr. Cervantes died holding 8,000 shares issued by Warranty, Inc. At the time of his death, the highest quotation in the stock exchange for each share was P200 while the lowest, P150. 3. Two years ago, Mr. Cervantes lent his friend-debtor P200,000 evidenced by a note. They mutually agreed that 18% simple interest per annum shall be charged. Exactly two years after, Mr. Cervantes died. 4. Mr. Cervantes was about to present to his long-time girlfriend in a dinner date a 24K gold engagement ring he bought that same day for P80,000. Had he opted to buy it in one year installment scheme, it would have been more expensive by P20,000. On his way to meet her, however, he met a car accident and died. 5. Warranty, Inc. is the issuer of 100,000 shares of stock held by Mr. Cervantes. The decedent has the following financial data at the time his death: Par value per share - P4.00 Outstanding shares 800,000 shs. Retained earnings - P1.2M The shares of stock are not traded in the stock exchange