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On July 1, 2022, Platinum Company leased a delivery truck from King Company under a 3-year operating lease. The term of payment are as follows:

On July 1, 2022, Platinum Company leased a delivery truck from King Company under a 3-year operating lease. The term of payment are as follows: (1) First 12 months @P7,500 per month; (2) Next 12 month...

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