James Kettle disposed of an Antique clock on 23 March 2022 for $17,300. He had acquired the clock on 12 May 1988 for $8,600. Calculate the assessable net capital gain on disposal of the clock using:

1. The discount method
2. The indexation method

Show all working out for both methods.

Answer rating: 100% (QA)

To calculate the assessable net capital gain on the disposal of the antique clock using the discount ... View the full answer