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  3. 4 on 1 november 1992 mary had a nice home in syd

4 On 1 November 1992 Mary had a nice home in Sydney and...

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Accounting

4

On 1 November 1992 Mary had a nice home in Sydney and also acquired a second-hand yacht for $95744.

Mary borrowed $82,000 of the money from XYZ Bank to buy the yacht...

The loan was a fixed interest loan on which Mary paid interest of $45,000.

Mary sold the yacht in September 2020 for $161,000.

Required:

Calculate the indexed cost base for Capital Gains Tax purposes

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