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Virat bought a rental property for $300,000. Right after purchasing the property, he has bought a kitchen set up for $20,000 and new toilet fittings
Virat bought a rental property for $300,000. Right after purchasing the property, he has bought a kitchen set up for $20,000 and new toilet fittings for $5000. After a year Virat sold the property for $700,000. Which items will constitute the Cost base and what would be the amount?
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