Alex Limited (a GST registered firm) is planning to have a Christmas party for staff. This party is going to be on the last business day of the year, which is Friday, and the location is planned to be in the restaurant on the ground floor of the office. Staff are allowed to bring only one of their associates and food and drinks are served for free. The number of staff attending this party is going to be 20 people and a total of 40 individuals will be served (including the associates). The estimated cost of the party is $7,480 for the current tax year 2019-2020. Explain in detail using relevant tax laws and cases whether this cost of $7,480 is deductible for Alex Limited. Kindly use the four sections of: 1. Facts of the scenario 2. Relevant laws and cases 3. Application of laws and cases 4. Conclusion