CoursHeroTranscribedText: Facts A resident decedent died on April 1, 2021. He availed of a P500,000.00 salary loan from ABC Manufacturing Corporation by issuing a promissory note during his lifetime. Question No. 1: If all the requisites in order to be allowed as deduction as claims against the estate were present, what amount may be deducted from the gross estate? Question No. 2: If the obligation has prescribed at the time of his death, what amount may be deducted from the gross estate? Question No. 3: If the loan document (promissory note) was not duly notarized, what amount may be deducted from the gross estate pertaining to the claim