Aran bought a diamond brooch on 1 September 1999 for £3,600 plus costs of £120.
Aran sold the brooch on 12 August 2012 for £7,750. He incurred disposal costs of £550.
What is Aran's gain on disposal of the brooch?
Please input answer: £________
Proceeds
Less: costs of disposal
Net proceeds of sale
Less: costs £(3,600 + 120)
Gain
Cannot exceed £(7,750 - 6,000) x 5/3
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