10. During the year ending 30 June 2019 Ethan Taylor disposed of the following capital assets:

The net capital gain assessable under s 102-5 ITAA97 in relation to the above transactions

is:

a) $250

b) $500

c) $1,025

d) $1,500

THE CORRECT ANSWER 250 ( how to get it ?)

Deegan. (2016).Financial Accounting. McGraw-Hill Education, Australia

Asset Date of Acquisition Date of Sale Acquisition Price Sale Price ANZ Shares 15 July 2017 30 June 2019 $3,500 $6,000 BHP Shares 1 August 2018 30 June 2019 $4,000 $5,000 Telstra Shares 25 July 2018 30 June 2019 $11,000 $6,000 Commemorative Stamps 2 October 2018 30 June 2019 $450 $2,000 Painting 14 November 2002 30 June 2019 $600 $2,600 a) $250 b) $500 c) $1,025 d) $1,500