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Question - Kaye sold his residential house and lot located in Manila on January 5, 2018 for 8,000,000. The property was purchased in 2005 for 3,000,000. The current market value of the property at the time of sale was:
BIR Commissioner's zonal valuation 9,000,000
City Assessor's schedule of values 6,000,000
Required - What is the capital gains tax on the sale?
denny corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically
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