Question 4 Not yet answered. Marked out of 1.00 Flag question Jim owns a lawn-mowing business. He decides to buy a second hand trailer to replace his existing trailer. Jim investigates how much it will cost to repair the second hand trailer and bring it up to the required standard, and finds the following: Replace rusted base plate $1,500 New paint and signage $1,200 New tyres $ 200 New wiring $ 450 Total $3,350 What amount will be deductible and under which section? Select the correct answer from the options below. O a. $3,350 under s8-1as the repairs are incurred to gain business income O b. $3,350 under s25-10 O c. $2,150 under s25-10 O d. $0 under s25-10 as the repairs are initial repairs