An Individual nold the folowing annnta thin year. Sala price Cost Solling cont Painting. .$2,000 $ 300 $100 Antique clock 12,000 250 20 Antique chair 750 500 15 Gold Coin. 600 1,000 10 Mr. Individual has an unclaimed capital loss on listed personal property of $500 arising three years ago. All these assets were purchased within the last 10 years. Required: Please calculate the net taxable capital gains for Mr. Individual.

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Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.