What is the total amount deductible to maximum security

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Problem

Maximum Security is a security monitoring business located in the Brisbane suburb of Greenslopes. The following items have been recorded in their management accounts for the year ended 30 June 2025: Replacement of the building's old tin roof which was rusting with a new roof made of Colorbond on 1 July 2024. (Note - Colorbond is a new product that has a guaranteed life of 40 years and is earthquake resistant). $ 120,000. Painting the outside of the entire building on 17 August 2024. $ 16,000. Servicing of the motor vehicle on 8 March 2025. (Note - motor vehicle is used 75% for business purposes) $ 3,600. Get the instant assignment help. What is the total amount deductible to Maximum Security for the 2025 income year?

Reference no: EM133972152

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