6.John owns a retail business and has claimed a deduction under s 25-35 ITAA97 for...
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6.John owns a retail business and has claimed a deduction under s 25-35 ITAA97 for a $20,000 bad debt that he has written off in the current income year. What are the consequences if some of this debt is recouped in a subsequent income year? [11.4]
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