14 In Billys attempt to serve all business and personal ties with Canada before beginning long-term and permanent employment in Beijing, he sold all his personal assets and most of his investments. Description Sales proceeds cost Disposition costs Personal residence $475,000 $125,000 $3,600 Household furniture 20,000 35,000 800 Skis, bicycle and skates 750 1,200 0 Rights to season tickets 4,000 3,500 0 Paintings 2,400 1,900 120 Chevrolet 3,600 12,000 350 Fishing lodge 45,000 31,000 4,500 Business loan private 0 8,000 0 ABC shares (public co.) 46,000 20,000 200 Additional information: 1. All years available for a principal residence designation were used to attempt the gain on the personal residence, leavin