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How much should be computed for donation mortis causa

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Reference no: EM132738068

Mr. Ruiz, a resident citizen died leaving the following property at the point of his death:

House and Lot - Fair Value (P4,000,000); Acquisition cost (P2,000,000)
Car - Fair value (P800,000); Acquisition cost (P1,200,000)
Agricultural land - Fair value (P2,100,000); Acquisition cost (P500,000)

Problem 1: How much should be computed for donation mortis causa?

Reference no: EM132738068

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