Identify how many of the following scenarios involve blackhole expenditure that can be claimed under s 40-880, either in full or over 5 years

1. On 1 July 2019, a SBE taxpayer set up his business by registering and establishing a company costing $2,000
2. On 1 July 2019, a SBE taxpayer converted the existing business structure as a sole trader to a company structure costing $2,500
3. On 1 July 2019, a SBE taxpayer ceased his cafe, incurring $4,000 in legal fees to wind up the business
4. On 1 July 2019, a SBE taxpayer commissioned a feasibility study costing $1,500 to establish a business at the local shopping centre, and subsequently commenced business on 1 October 2019.

Select one:

a. 3 scenarios are blackhole expenditure under s 40-880

b. 4 scenarios are blackhole expenditure under s 40-880

c. 2 scenarios are blackhole expenditure under s 40-880

d. 1 scenario only is blackhole expenditure under s 40-880