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On 1 July 2019 Mary acquired a rare coin for $45755. Mary borrowed $30,000 of the money from the XYZ Bank. The loan was a
On 1 July 2019 Mary acquired a rare coin for $45755. Mary borrowed $30,000 of the money from the XYZ Bank. The loan was a fixed interest loan on which she paid interest of $21,000. Mary sold it in September 2020 for $96913. This is taxtation question ACC708.
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