Question
The decedent devised to his son a 1,000 square meter lot in Global City, Taguig with the following valuation: Fair value as determined by the
The decedent devised to his son a 1,000 square meter lot in Global City, Taguig with the following valuation: Fair value as determined by the city assessors, P20k/sq m; Zonal value as determined by the CIR, P17M; FV determined by independent assessors, P18.5M. The amount to be included in the gross estate is?
a.P10M
b.P20M
c.P18.5M
d.P17M
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
