QUESTION 1Over the last 12 months, Eric acquired the following assets: an antique vase (for $2,000),

| April 14, 2018

QUESTION 1Over the last 12 months, Eric acquired the following assets: an antique vase (for $2,000), an antique chair (for $3,000), a painting (for $9,000), a home sound system (for $12,000), and shares in a listed company (for $5,000). Last week he sold these assets as follows: antique vase (for $3,000), antique chair (for $1,000), painting (for $1,000), sound system (for $11,000) and shares (for $20,000). Calculate his net capital gain or net capital loss for the year. Question 2 Brian is a ba … 

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