On 1 December in the previous year a taxpayer borrows $350,000 to use in his business. He pays $2,000 in Stamp Duty and $500 in mortgage broker fees. The loan was to be repaid in 10 years. Interest in the current year was $10,000.

What is the remaining expenditure and the remaining loan period to calculate the claim for borrowing expense deduction under s25-25 in the current year?