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On January 1, 2020, Pam Company purchased an equipment for P3,000,000 cash for the purpose of leasing it. The machine is expected to have a

On January 1, 2020, Pam Company purchased an equipment for P3,000,000 cash for the purpose of leasing it. The machine is expected to have a 10-year life from the date of purchase. On April 1, 2020, th...

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