[Solved] Personal property with a cost of P400,000

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Personal property with a cost of P400,000 and a fair market value at the time of death P900,000, but subject to a mortgage of P250,000

a. Shall be in the taxable net estate at P500,000

b. Shall be in the gross estate at the decedents equity of P650,000

c. Shall be in the gross estate at P400,000

d. Shall be in the gross estate at P900,000

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