A company acquired a chargeable asset for 5,000 in February 2004 (RPI 183.8). The asset (not a
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A company acquired a chargeable asset for £5,000 in February 2004 (RPI 183.8). The asset (not a chattel) was sold in January 2024. The RPI for December 2017 was 278.1. Compute the chargeable gain or allowable loss if sale proceeds were:
(a) £9,000
(b) £5,500
(c) £4,800
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