A. For each case, determine the value to be included in the gross estate:

No. 1

	Case
	A	B	C
Consideration received by transferor-decedent at the time of transfer	P1,000,000	P 500,000	P 0
Fair market value at the time of transfer	1,000,000	1,000,000	1,000,000
Fair market value at the time of death of transferor	1,250,000	1,250,000	1,250,000

No. 2

	Case
	A	B	C
Fair market value at the time of death of transferor	P 900,000	P 900,000	P 900,000
Fair market value at the time of transfer	800,000	800,000	800,000
Consideration received by transferor-decedent at the time of transfer	0	500,000	800,000