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Pam acquired a new income-producing asset on 28 th September 1994 for $150,000. She sold it for $140,000 in November 2012. During the period she
Pam acquired a new income-producing asset on 28th September 1994 for $150,000. She sold it for $140,000 in November 2012. During the period she owned it she was allowed write-off deductions of $7,500. Calculate her capital gain/loss and provide working.
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