Top Quality Printers Pty Ltd purchased a new printing machine for $20,000 in May 2020. Is the purchase of this new printing machine deductible under section 8-1 ITAA97?
A) Yes, as it would be an appropriate business expense as the machine will be used in carrying on a business
B) Yes but apportionment would apply and so only some of the expense would be deductible under section 8-1 ITAA97
C) No as it would be a capital expense
D) No as the expense would be private in nature
Correct Answer:
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