During the current Time left 1:28:55 assessment Hendrix sold an asset that was acquired before 1 October 2001. The selling price is greater then all the costs incurred on the asset. The Market Value of the asset was determined on 1 October 2001. The Market Value on 1 October 2001 is greater than the Time-Apportionment Base (TAB) cost and 20% of the Proceeds less allowable costs incurred on or after 1 October 2001. The Proceeds are greater than the Market Value of the asset on 1 October 2001. Hendrix can prove all the costs incurred before and after 1 October 2001. The Base Cost of the asset is: a. 20% of the Proceeds less​