On 1 July 2022, Vinicius Alves purchased an investment property in Wollongong from which he derives rental income. The property was purchased by Vinicius at a total cost of $750,000 which included construction costs of $300,000 (in 2020) and depreciating fittings which had a value of $40,000 and 10 years of useful life. Vinicius has asked you to outline any deductions he is able to claim for the 2023 income year. TRANSACTIONS $ Borrowing costs incurred on 20 year mortgage 2,000 Mortgage loan repayments throughout year (interest of $25,000) 35,000 Repair of carpet damaged by tenants (1 March 2023); remaining useful life 5 years 3,000 Purchase of air-conditioning unit (1 April 2023); useful life 10 years 2,500 Installation of outdoor paved area (1 April 2023); useful life 25 years) 10,000 REQUIRED: Advise Vinicius of any available deductions showing workings and providing section references