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James Kettle disposed of an Antique clock on 23 March 2022 for $17,300. He had acquired the clock on 12 May 1988 for $8,600. Calculate

James Kettle disposed of an Antique clock on 23 March 2022 for $17,300. He had acquired the clock on 12 May 1988 for $8,600. Calculate the assessable net capital gain on disposal of the clock using:

  1. The discount method
  2. The indexation method

Show all working out for both methods.

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