5. A resident citizen died, leaving the following properties at the point of his death: Fair Value Acquisition Cost House and Lot P 4,000,000 P 2,000,000 Car 800,000 1,200,000 Agricultural Land. 2,100,000 500,000 What is the amount of the donation mortis causa? a. P 0 b. P3,700,000 c. P6,900,000 d. P7,300,000

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A:

Q: At the time of his death in 2020, Donald owned a farm (a qualified, closely held business) with a…

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Q: None

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Q: answer must be in proper format or i will give down vote

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Q: gross income?

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