COMPUTE: Taxable Gross gift/donation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15. COMPUTE: Taxable Gross gift/donation

Transcribed Image Text:GIVEN:
Donor - Non-resident citizen
Donations made in 2021:
Property
Place of
Zonal
Assessed
Fair Value
Donation
Value
vaue
Intangibles
Abroad
600,000
200,000
5,000,000
Movables
Immovables
Immovables
Phils
Abroad
Phils 2,000,000 | 1,000,000
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