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How much is the lease revenue on december

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Reference no: EM133148218

Question - On August 1, 2021, Maldita Company leased a building to Tupa Company with a lease term of 3 years. Monthly rentals for the 1st year are P150,000 and will increase by 2% per year. A refundable security bonus received by lessor from the lessee is P300,000. How much is the lease revenue on December 31, 2021?

Reference no: EM133148218

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