assets lost and destroyed 3

sari purchased an investment property o 1 may 2003 for 200000. in june 2014 it was damaged by fire. on 1 aug 2014, insurance proceeds of 100,000 were received. on 1 sept 2014, 110000 was spent on restoring the property. after the restoration the property was worth 500000.

assuming sari elects for the insurance proceeds to be rolled over against the cost of the property calculate the revised cost for CGT purposes of the property after it has been restored.

original cost 200000
plus: restoration exp 110000
less:insurance proceeds (100000)
revised base cost 210000