Paul Thuse sold his old car for R60000.He bought the3years back for R120000.During the3years he had replaced
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Question:
Paul Thuse sold his old car for R60 000. He bought the 3 years back for R120 000. During the 3years he had replaced all 4 tires for R600 each. The capital gain/loss on the disposal of the car is:
Select one:
a. None of the above as there is no capital gain or loss on the disposal of the vehicle
b .R60 000 gain
c .R57 600 loss
d. R60 000 loss
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