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According to the second strand of the decision in FCT v Myer Select one: O a. Interest payable over more than one year is only

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According to the "second strand" of the decision in FCT v Myer Select one: O a. Interest payable over more than one year is only deductible in the year to which it is properly referable O b. A profit is income if the taxpayer had a purpose of profit making when it entered the transaction that gave rise to the profit OC. A profit from the sale of an asset will only be income if the taxpayer had a profit-making intention at the time the relevant asset was purchased O d. None of the above

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