Instruction: In GOOD FORM, solve the following problems.

A. State the amount of allowable deductions from the gross estate in each of the

following:

6. Loss by fire of building worth P1,000,000 5 months after decedent's death, 75% compensated by insurance. Estate was settled in the 6th month.

7. Transfer for public purposes made inter vivos, P1,000,000.

8. A land worth P2,000,000 when inherited 3 years ago by the decedent from his father, mortgage for P1,200,000, 60% of which was paid by the decedent before he died. FMV of land upon death P2,500,000. Gross estate is P9,000,000 and deductions reached P1.750,000 40% of which represents losses, indebtedness, taxes and transfer for public use.

9. Loss of car by theft, occurring 16 months after the decedent death, value of car P1,000,000, 60% to be paid by insurance.

10. Transfer for public purposes donated by the decedent to Manila City Hall (shown in the will) P800,000.

11. Unpaid mortgage of P200,000 on a P1,100,000 house shown in the gross estate, net of the P200,000 mortgaged.