Question
Buddy operates a business in Sydney. He incurred the following expenses during the year of income ended 30 June 2019. Repainting the internal walls of
Buddy operates a business in Sydney. He incurred the following expenses during the year of income ended 30 June 2019.
Repainting the internal walls of the shop after the old paintwork started flaking. The paintwork cost $1,700.
$600 to service his business vehicle which is used 60% for business purposes.
$5,000 was spent on replacing the fence around the shop with a stronger and longer lasting material.
$6,000 was spent on installing a brand new security alarm system after the old one became unreliable.
What amount can Buddy claim for repairs under ITAA97 s 25-10?
Select one:
a. $7,360
b. $2,360
c. $2,060
d. $7,600
e. $2,600
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