CrimsonRose101
CrimsonRose101 CrimsonRose101
  • 15-03-2017
  • Social Studies
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Explain capital gains and losses.

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haleymeme haleymeme
  • 15-03-2017
Capital gains raises the value of a capital asset so it has a higher worth than purchase price

Capital losses is when a capital asset decreases in value. Attention is only brought to the loss when the asset it sold for a lower price than it's original purchase price
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