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How much loss could be deducted by the corporation

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Reference no: EM132905647

A domestic corporation had an old computer costing P 50,000 with accumulated depreciation of P 30,000. The corporation decided to replace it with the latest computer model. The old computer was sold for P 5,000.

Problem 1: How much loss could be deducted by the corporation?

Reference no: EM132905647

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