A company acquired a chargeable asset for 5,000 in February 2004 (RPI 1 83.8). The asset was
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A company acquired a chargeable asset for £5,000 in February 2004 (RPI 1 83.8). The asset was sold in January 2018 (RPI 2 75.3). The asset was not a chattel. Compute the chargeable gain or allowable loss if the sale proceeds were:
(a) £9,000 (b) £5,500 (c) £4,800
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