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  3. 2 on 1 july 2019 mary acquired a rare coin for $

2 On 1 July 2019 Mary acquired a rare coin for $39264. Mary...

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Accounting

2

On 1 July 2019 Mary acquired a rare coin for $39264. Mary borrowed $30,000 of the money from the XYZ Bank.

The loan was a fixed interest loan on which she paid interest of $21,000. Mary sold it in September 2020 for $85514 Required:

Calculate the Net Capital Gain, if any, to be included as Mary's assessable income for the year ending 30 June 2021

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