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PROBLEM On January 1, 2017, GHI Corp. leased an equipment for 3 years at semi-annual rental of P500,000 payable every June 30 and December 31.

PROBLEM On January 1, 2017, GHI Corp. leased an equipment for 3 years at semi-annual rental of P500,000 payable every June 30 and December 31. The equipment had an estimated useful life of 5 years. GH...

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