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On 1 November 1992 Doug had a nice home in Sydney and so he acquired...

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Accounting

On 1 November 1992 Doug had a nice home in Sydney and so he acquired a second hand lounge room set of furniture for $11,000

He sold the lounge room set in September 2020 for $16,000.

Required:

Calculate the indexed cost base for Capital Gains Tax purposes rounded to the nearest dollar

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