Question
Mr.disposed of the following personal capital items during 2021. $ Proceeds $ Cost Jewelry 2,000 900 Antiques 3,800 2,400 Bicycle 800 1,300 Coins 1,600 1,400
Mr.disposed of the following personal capital items during 2021.
$ Proceeds $ Cost
Jewelry 2,000 900
Antiques 3,800 2,400
Bicycle 800 1,300
Coins 1,600 1,400
Mr. has a listed personal property loss carried forward from 2018 of $200.
Mr. has a capital gain for the year of : (4 marks)
| A. | $2,000 | |
| B. | $2,100 | |
| C. | $2,200
| |
| D. | $2,400 |
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
3rd Edition
1450421040, 978-1450421041
