Question
Chi, a resident individual, purchased ANZ shares in March 1990 for $10,000. All the shares were disposed this year for $5,000. At that time the
Chi, a resident individual, purchased ANZ shares in March 1990 for $10,000.
All the shares were disposed this year for $5,000.
At that time the indexed cost base for the purchase price was $15,000.
Brokerage on the share sale was $100.
What is her capital loss on disposal?
Group of answer choices
$5,100
$5,000
$10,000
$10,100
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
