Sabela Mathole purchase a boat (exceeding 10 meters) on 12 June 1999 for R78 000. The market value on 1 October 2001 was R55 000, the time-apportionment base cost was R64 000. She sold the boat for R60 000 during the current year of assessment. YOU ARE REQUIRED to calculate the base cost of the boat for capital gain tax purposes. Question 20 Not yet answered Marked out of 1 Flag question Select one: a. R78 000 b. Rnil - personal used assets therefore excluded from capital gain tax c. R60 000 O d. R55 000