On 25 August 1990, Lulu bought an investment property for $83452. 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 $500,000.

Required:

Calculate the INDEXED COST BASE of the property.

Only enter numbers & round to the nearest dollar

Answer rating: 100% (QA)

Indexed cost base Total cost ... View the full answer