Business Finance Homework Help

I’m working on a Accounting question and need guidance to help me study.

please answer 4 items, Business Tax, SUcession and Transfer Taxes

ITEM #1.

MR. AVOCADO EXECUTED A LAST WILL AND TESTAMENT IN AUGUST 23, 2021 AT WHICH TIME HIS PROPERTIES CONSISTED OF THE FOLLOWING: 1. LAND IN ANTIPOLOWORTH P700,000.00 2. LAND IN MORONG, RIZALWORTH P800,000 3. CASH WORTH P600,000 4. BANK LOAN WORTH P500,000 THE WILL PROVIDED THAT THE LAND IN ANTIPOLOWILL GO TO HIS SON, MR.RAMBOTAN WHILE THE LAND IN MORONG, RIZAL WILL GO TO HIS DAUGHTER, MS.PAPAYA. ON AUGUST 24, 2021, MR.AVOCADO DIED. HOW WILL HIS PROPERTIES BE DISTRIBUTED?

ITEM #2

JOHN’S DECEASED FATHER LEFT A PROPERTY WORTH P1M AND AN OBLIGATION OF P2M. WILL JOHN INHERIT THE ENTIRE P2M OBLIGATION OF HIS LATE FATHER?

ITEM #3

MR. AVOCADO HAS A NEIGHBOR NAMED MR. SINGKAMAS. BEFORE HE DIED, MR. AVOCADO STATED IN HIS LAST WILL AND TESTAMENT THAT MR. SINGKAMAS WILL INHERIT FROM HIM P50,000 CASH CAN MR. SINKAMAS BE A NAMEDHEIR OF MR. AVOCADO?

ITEM #4

REMEMBER MR. AVOCADO’S TWO CHILDREN MR. RAMBOTAN AND MS. PAPAYA? SUPPOSE MR. RAMBOTAN HAD TWO CHILDREN NAMELY, MR. MANSANAS AND MS. GUYABANO. MR. RAMBOTAN DIED AHEAD OF HIS FATHER MR. AVOCADO LEAVING A HEREDITARY ESTATE OF P600,000. HOW WILL THIS HEREDITARY ESTATE OF P600,000 BE DIVIDED AMONG THE HEIRS OF MR. AVOCADO?