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On 1 April 2019 Lenny's cash register stopped working. It would have cost $1,500 to have it repaired. Instead, Lenny installed a new cash register
On 1 April 2019 Lenny's cash register stopped working. It would have cost $1,500 to have it repaired. Instead, Lenny installed a new cash register costing $2,400 on 1 May 2019. During the year ended 30 June 2019 Lenny also paid his lawyer $50,000 in legal fees for legal advice on running the business. n Explain whether these transactions are deductible against the income of the business for the year ending 30th June 2019 and state the applicable sections of ITAA 97 and/or ITAA 36 A B I iii III c? > US X2
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