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Dact - Word VW EW Abc Aaben AaB Aabot Act Hodnotating theme ALUNOS +919 REVERENCES DAGE LAYOUT GN BULAWS731 income Tax Law and Practice A

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Dact - Word VW EW Abc Aaben AaB Aabot Act Hodnotating theme ALUNOS +919 REVERENCES DAGE LAYOUT GN BULAWS731 income Tax Law and Practice A AS A I u X, X - A. Semester 2, 2020 Question 3 Jing is an accountant at Barrier Reef Tours Australia and has included the following in the company's Profit and Loss account a) accrued wages b) advertising c) bad debts provision d) hire-purchase payments, e) interest 1) insurance of plant and equipment e) printing and stationery h) provision for long-service leave: 3) repairs tax-related expenses Required: (0x2 marks 20 marks) For each of these tems of expenditure state whether the item is an allowable deduction and for those items which are allowable deductions, state the relevant statutory provision under which the deduction will be claimed (e. whether the item satisfies the requirements of 58-1. or whether a specific provision applies) In your response give reasons and refer to sections of legislation and cases, where relevant Click or tap here to enter text Home Presen SAGES OF TOFT WORDS Type here to search 6 3

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