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On 1 November 1992 Mary had a nice home in Sydney and also acquired a second-hand yacht for $87851. Mary borrowed $82,000 of the money
On 1 November 1992 Mary had a nice home in Sydney and also acquired a second-hand yacht for $87851. Mary borrowed $82,000 of the money from XYZ Bank to buy the yacht.. The loan was a fixed interest loan on which Mary paid interest of $45,000. Mary sold the yacht in September 2020 for $161,000. Required: Calculate the indexed cost base for Capital Gains Tax purposes
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Accounting
Authors: Michael J. Jones
2nd Edition
0470017791, 978-0470017791
