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Stuart proposed to carry on a fishing business, and on 21 June bought a specially designed boat for this sole purpose. Immediately after purchasing the
Stuart proposed to carry on a fishing business, and on 21 June bought a specially designed boat for this sole purpose. Immediately after purchasing the boat, Stuart fell ill, and did not commence to carry on the business for three months. During this period, the boat remained in storage. Can Stuart claim a deprecation deduction at 30 June in relation to the boat
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