Chapter 11 Assignment.xlsx - 21(a Cost Captial exp Total Realised Cost Gain Loss 33 100000 30000 130000 350000 130000 220000(b Original cost Purchase

Chapter 11 Assignment.xlsx - 21(a Cost Captial exp Total...

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21 (a) 33 Cost 100000 Emma's Captial exp 30000 FMV of equipment Total 130000 Adujusted basis Realised 350000 Cash (-) Cost 130000 Gain Gain/ Loss 220000 Lily (b) FMV Original cost 100000 Adjusted basis Purchase 200000 cash paid Cap exp 30000 Gain Total 330000 Realised 700000 50 (-) Total basis 330000 Get Gain/ Loss 370000 Adjusted basis Gain ©

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