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XY Distributors Inc. leases a fleet of vehicles from Transpo Co. it leases 20 trucks for its delivery operations, 14 cars for its sales force

XY Distributors Inc. leases a fleet of vehicles from Transpo Co. it leases 20 trucks for its delivery operations, 14 cars for its sales force and 6 cars for its executive officers for a lump sum fee of P6 000 000 per year. How much is the annual monetary value of fringe benefit of each officer? *

ACCOUNTING

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