The following assets were sold during the current year:
	Sales Price	Cost
Painting	1,500.00	500.00
Stamp collection	800.00	1,100.00
Outboard motor	900.00	500.00
Antique desk	1,300.00	1,950.00
Which one of the following amounts represents his taxable capital gain, net of allowable capital losses, for tax purposes during the current year?

Answer rating: 100% (QA)

table summarizes the capital gains and losses for each asset Asse... View the full answer