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On July 1, 2019, NSR Company received a P50,000, one-year, non-interest bearing note from the sale of an old equipment with a cost of P100,000

On July 1, 2019, NSR Company received a P50,000, one-year, non-interest bearing note from the sale of an old equipment with a cost of P100,000 and accumulated depreciation of P60,000. The company uses...

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