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Mr. Jones sold the following assets during the current year. Sales Price Cost Diamond Necklace $1,200 $ 600 Coin Collection 800 1,500 Graphic novels 1,000
Mr. Jones sold the following assets during the current year. Sales Price Cost Diamond Necklace $1,200 $ 600 Coin Collection 800 1,500 Graphic novels 1,000 2,000 Boat 18,000 15,000 Which one of the following amounts represents her taxable capital gain, net of allowable capital losses, for tax purposes during the current year
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