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On 1 January CY, Slinky decided to refurbish his business. He took out a loan to cover the costs of the refurbishment and paid loan

On 1 January CY, Slinky decided to refurbish his business. He took out a loan to cover the costs of the refurbishment and paid loan application costs and stamp duty totaling $600 on a loan taken out on 3 February CY for 2 years. Based on the above facts and relevant tax laws, what amount should Slinky claim as an allowable deduction in the CY?

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