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The following assets were sold during the current year: Sales Price Cost Painting $2,500 $ 800 Stamp collection 1,000 1,200 Outboard motor 900 1,000 Antique
The following assets were sold during the current year: Sales Price Cost Painting $2,500 $ 800 Stamp collection 1,000 1,200 Outboard motor 900 1,000 Antique desk 1,300 1,950 Which one of the following amounts represents his taxable capital gain, net of allowable capital losses, for tax purposes during the current year
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