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(Q5)JJJ Company purchased an equipment for P5,000,000 on January 1, 2019. The equipment had a useful life of 5 years with no residual value. On

(Q5)JJJ Company purchased an equipment for P5,000,000 on January 1, 2019. The equipment had a useful life of 5 years with no residual value. On December 31, 2019, the entity classified the equipment a...

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