Question
A car he bought 3 years ago for $65 000 and was used solely for his personal use was sold for $25 000. The book
A car he bought 3 years ago for $65 000 and was used solely for his personal use was sold for $25 000. The book value of the car is $27500.
In this case, how much should he declare on his tax return? Is the CGT discount method applied?
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
