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Mike sold the following assets during the current year: SalesPriceCost Painting$2,500$800 Stampcollection6001,200 Outboardmotor900100 Antiquedesk1,3001,950 Which one of the following amounts represents his taxable capital gain,

Mike sold the following assets during the current year:

SalesPriceCost

Painting$2,500$800

Stampcollection6001,200

Outboardmotor900100

Antiquedesk1,3001,950

Which one of the following amounts represents his taxable capital gain, net of allowable capital losses, for tax purposes during the current year?

$325.

$750.

$650.

$625.

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