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Ms. Ace received a condominium including its accrued income as inheritance from her deceased grandfather on April 1, 2021. The following data relates to the
Ms. Ace received a condominium including its accrued income as inheritance from her deceased grandfather on April 1, 2021. The following data relates to the property: Fair value of property P 125,000,000 Rent income earned before death of decedent 4,000,000 Rent income earned after death of decedent 6,000,000 Interest on deposits of rentals to the banks (40% accruing after death) 100,000 How much of the above income will be included in the gross income of Mr. Ace and in the gross income of the decedent? P6,040,000; P4,060,000 c. P4,060,000; P6,040,000 b. P6,000,000; P4,000,000 d. P4,000,000; P6,000,000 a
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