Question
Marty applied for a business loan to buy machinery for his business. He incurred the following costs associated with the loan - Legal Fees $1000,
Marty applied for a business loan to buy machinery for his business. He incurred the following costs associated with the loan - Legal Fees $1000, Stamp Duty $1200 and sundry costs $50. He paid these expenses on the 1st June 2020. The term of the loan is for 48 months. Question Can Marty claim these expenses and if so how much over how long?
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Bank Management Text And Cases
Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson
3rd Edition
0471621781, 978-0471621782
