![Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax ra](https://i.imgur.com/5GmQYvs.png)
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Please refer the solution provided. For any Queries please comment. Both the part have been solved. If any calculation are not clear please comment we will surely help you with the same. Thank you !
Date Purchased 10-Jul-08 20-Apr-08 29-Jan-10 02-Nov-12 Shares Basis 500 $ 20,000 40018320 600 20160 350 13720 Date of Sales 20-Dec-18 Shares 1100 Basis 66000 PART-A FIFO Method PART-B Specific Identification Method Particulars Sales Value Share 1100 Value 66000 Share Value 1100 66000 110 Particulars Sales Value Purchase Cost under FIFO a) 29-Jan-2010 b) 10-Jul-2008 -500 -400 -20000 -18320 -600-20160 -500-20000 Purchase Cost under FIFO a) 10-Jul-08 b) 20-April-08 c) 29-Jan-10 (Balance Shares)** ** (20160/600*200) -200 -6720 Capital Gain Capital Gain @ 32% 25840 8268.8 Capital Gain Capital Gain @ 32% 86960 27827.2
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