James Kettle disposed of an Antique clock on 23 March 2022 for $17,300. He had acquired the
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Question:
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:
- The discount method
- The indexation method
Show all working out for both methods.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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