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Malcolm Woodchip, a furniture salesman, commences business on his own on 1 April of the current income year. He purchases an existing business and is

Malcolm Woodchip, a furniture salesman, commences business on his own on 1 April of the current income year. He purchases an existing business and is granted a lease of showrooms. Malcolm paid $600 to a mortgage broker to obtain a loan of $15,000 to pay the premium for the lease at 18% for the 6-year period. How much of the broker fee would Malcolm be able to claim as a deduction? O $0 O 600/2190 = 0.27 x 91 = $25 600/1825 0.33 x 91 = $30 $600 =
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Malcolm Woodchip, a furniture salesman, commences business on his own on 1 April of the current income year. He purchases an existing business and is granted a lease of showrooms. Malcolm paid \\( \\$ 600 \\) to a mortgage broker to obtain a loan of \\( \\$ 15,000 \\) to pay the premium for the lease at \18 for the 6-year period. How much of the broker fee would Malcolm be able to claim as a deduction? \\( \\$ 0 \\) \\[ 600 / 2190=0.27 \\times 91=\\$ 25 \\] \\[ 600 / 1825=0.33 \\times 91=\\$ 30 \\] \\( \\$ 600 \\)

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