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 He
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 Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
