On 25 August 1990, Lulu bought an investment property for $439632.
Two days later she also paid stamp duty of $30,000. She has no other records of her expenses in relation to the costs.
Lulu sold the property in January 2020 for $1,000,000.
Required:
Calculate the INDEXED COST BASE of the property.
Only enter numbers & round to the nearest dollar

Answer rating: 100% (QA)

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