B1 In March 2010, Vasco sold at auction an antique dressing-table. He received £11,960 after auctioneer's commission of 8%. He had purchased the table in January 2000 for

£1,000.

Columbus sold one of his factories on 30 April 2009 for £900,000. The factory had been purchased in September 2001 for £566,700. In March 2010, Columbus purchased another factory for £700,000 and claimed roll-over relief in relation to the gain arising on the factory sold in April 2009.

You are required to:

(i) Calculate Vasco's chargeable gain.

(ii) Calculate the chargeable gain arising on the disposal made by Columbus in April 2009. Also calculate the base cost of the factory acquired in March 2010.

(ACCA)