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On December 31, 2018, Eller Corporation sold for P75,000 an old machine having an original cost of P135,000 and a book value of P60,000. The

On December 31, 2018, Eller Corporation sold for P75,000 an old machine having an original cost of P135,000 and a book value of P60,000. The terms of the sale were as follows: P15,000 down payment P30...

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