QUESTION 2 - Taryn would like to open a new business
as an interior designer, to funds her ambition she sold some of the
following assets:
1. Antique Painting that was given to Taryn by her father 5
years ago. Taryn’s father bought it on 20 August 1984 for $2,500.
Taryn sold it on 1’st June 2020 for $25,000
2. Taryn sold her car (Toyota Corolla) for the amount of $12,000
on 20’th May 2020, she bought on 1’st January...