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Mike sold the following assets during the current year: Cost $ 800 Sales Price $2,500 600 900 1,300 Painting Stamp collection Outboard motor Antique desk
Mike sold the following assets during the current year: Cost $ 800 Sales Price $2,500 600 900 1,300 Painting Stamp collection Outboard motor Antique desk 1,200 100 1,950 Which one of the following amounts represents his taxable capital gain, net of allowable capital losses, for tax purposes during the current year? Select one: O A. $650. B. $325 O C. $625 O D. $750
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