Jim (age19) sold his car for $2,000. Jim bought the car 6 months ago. For personal use for $1,500. What

Jim (age19) sold his car for $2,000. Jim bought the car 6 months ago. For personal use for $1,500. What

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Jim (age19) sold his car for $2,000. Jim bought the car 6 months ago. For personal use for $1,500. What
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Jim (age19) sold his car for $2,000. Jim bought the car 6 months ago. For personal use for $1,500. 
What would be Jim’s assessable capital gain o the sale of his car?

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To calculate the assessable capital gain we subtract the
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