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Why the answer is 0. Please show solution Uste Company owns a condominium unit in The One Residences which is near the factory and the
Why the answer is 0. Please show solution
Uste Company owns a condominium unit in "The One Residences" which is near the factory and the plant's administrative building. To make it convenient to its executive, it allowed the latter to use the said property as his residence. The zonal value of the property is P32,000,000 while its fair market value as shown in its current Real Property Tax Declaration amounts to P25,000,000. How much is the fringe benefit expenses? a. 800,000 b. 25,000,000 C. 32,000,000 d. O The correct answer is: 0Step by Step Solution
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