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Owing to the recent flooding in NSW, the carpet of an investment property owned by Sarah was totally damaged. As such, she has spent $15,000

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Owing to the recent flooding in NSW, the carpet of an investment property owned by Sarah was totally damaged. As such, she has spent $15,000 to replace the damaged carpet with marble which is much more expensive but can be used for a longer period of time than the old carpet. Advise Sarah whether such expenditure is deductible with reference to case law and statutory law

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