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Nick entered a 6 year loan on 1 March CY for the purchase of equipment that was required for income producing purposes. The borrowing costs

Nick entered a 6 year loan on 1 March CY for the purchase of equipment that was required for income producing purposes. The borrowing costs associated with the loan were $750.

Based on the above facts and relevant tax laws, what is the deductible amount of borrowing expenses for the year

A. $41

B. $750

C. $50

D. $150

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