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Which of the following statements gives the MOST correct definition of a repair for the purposes of s 25-10 of the Income Tax Assessment Act

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Which of the following statements gives the MOST correct definition of a repair for the purposes of s 25-10 of the Income Tax Assessment Act 1997? A. To be a repair the item must be brought back to an identical condition to what was originally B. Where an item is in perfectly good order and it is replaced this will be a repair. C. Repair involves the restoration or replacement of subsidiary parts of an item. D. Regular cleaning of an office building would be considered to be a repair. Click or tap here to enter text. 5.6 During the income year ended 30 June 2019 Nicholas received salary and wages incom of $35,000, interest income of $3,000, a net capital gain of $5,000, an exempt compensation payment of $23,000 and commission income of $4,000. What is Nicholas's ordinary income that is assessable for the year ended 30 June 2019? A. $42,000 B. $47,000 C. $38,000 D. $35,000 Click or tap here to enter text. 5.7 Noel is a solicitor (lawyer) who operates his own business in Toowoomba providing lega advice to businesses. He has four employees. He incurred the following expenses durin the current year of income. - A set of law reports containing all decided cases relevant to commercial law purchased for $3,600 on 1 November 2018. The reports will be used in the firm for many years to come

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