Question
Question 4 (7 marks) Over the last 6 months, Rohan acquired the following assets: - an engagement ring which cost $5,000 - a ceramic antique
Question 4 (7 marks) Over the last 6 months, Rohan acquired the following assets: - an engagement ring which cost $5,000 - a ceramic antique vase (for $3,000), - a painting (for $8,500), - a Television (for $15,000), - Australia Banks shares (for $5,000). Last week he sold these assets as follows: - an engagement ring which cost $6,000 - a ceramic antique vase (for $1,000), - a painting (for $2,500), - a Television (for $11,000) and - Australia Banks shares (for $25,000) Calculate his net capital gain or net capital loss for the year.(Maximum 300 words)
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