Brittany Hurt operates a hair salon. During the 2023 income year, Brittany recorded the following trading stock balances (excluding GST): Trading stock at 30 June 2022 $45,000 (at cost) Trading stock at 30 June 2023 $38,000 (at cost) While calculating the above figure in her 2023 stocktake, Brittany has identified obsolete stock of $3,000 that is out of date and no longer able to be sold. What is the correct treatment to account for Brittany's change in trading stock level? Question 1Select one: $10,000 allowable deduction $7,000 allowable deduction $4,000 assessable income $4,000 allowable deduction?

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