Homework Answers
Answer:
Net Proceed =$8,00,000
Less: Cost =-$1,00,000
Capital Gain =$700,000/-
Recived =$50,000
Pending =7,50,000 ($8,00,000-$50,000)
Per Year =$750,000/8
=$93750/-
Minimum Capital Gain =$7,00,000/8
=$87500/-
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