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P600,000 to Robert as a lease bonus to obtain the three-year lease. For 2016, Robert incurred insurance of P50,000 for the leased machine. What is

P600,000 to Robert as a lease bonus to obtain the three-year lease. For 2016, Robert incurred insurance of P50,000 for the leased machine. What is Robert's 2016 operating profit on this leased asset? ...

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Fundamentals of Financial Accounting

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