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. On December 31, 2021, Faith Company signed a 5 year noncancellable lease for the right of use of a new machine, requiring P250,000 payments

. On December 31, 2021, Faith Company signed a 5 year noncancellable lease for the right of use of a new machine, requiring P250,000 payments beginning December 31, 2021. The machine has a useful li...

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