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Peach Company purchased a machine for P7,000,000 on January 1, 2019 and received a government grant of P1,00,000 towards the capital cost. The machine is

Peach Company purchased a machine for P7,000,000 on January 1, 2019 and received a government grant of P1,00,000 towards the capital cost. The machine is to be depreciated on a straight-line basis ove...

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