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What the initial measurement of the land is

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During 2021, CATHY Company acquired a plot of land for P450,000. In addition, to acquire the land, CATHY Company paid a P30,000 commission to a real estate agent. P75,000 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for P15,000.

Problem 1: The initial measurement of the land is

Reference no: EM132984608

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