Dougal had taken out a loan on 1 March of the previous year to buy dividend producing shares. He

had paid stamp duty and loan application costs totalling $600. The loan was to be repaid at the end

of 8 years.

Answer both Parts (a) and (b) below by completing the spaces. Just write the figure in the spaces

without any commas or brackets.

a) Dougal would have claimed-------------

of borrowing expense as deduction under s25-

25 in the prior year.

b) The remaining expenditure is-----------

and the remaining loan period is-----------

to calculate the claim for borrowing expense deduction under s25-25 in the

current year.