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D sold capital property in the current year for net proceeds of $700,000. The property...

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Accounting

D sold capital property in the current year for net proceeds of $700,000. The property has an adjusted cost base of $300,000. B
received $60,000 at the time of the sale and a note for the balance to be paid in equal annual instalments over the following eight
years. What is the minimum taxable capital gain to be reported in the current year?
$
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