Question
On 1 November 1992 Doug had a nice home in Sydney and so he acquired a second hand lounge room set of furniture for $11,000
On 1 November 1992 Doug had a nice home in Sydney and so he acquired a second hand lounge room set of furniture for $11,000
He sold the lounge room set in September 2020 for $16,000.
Required:
Calculate the indexed cost base for Capital Gains Tax purposes rounded to the nearest dollar
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
