On 1 October 2019 Jackson Marketing Ltd commenced business in leased premises as a marketing consulting firm. It is located in Sydney. To commence business they company purchased the following equipment on 15 October 2019. Office equipment: desks, shelving etc $24,000 New computers $15,000 Computer software $8,000 Car: Volvo (acquired 1 November 2019) $60,000 They also spent $2,500 on advertising their new business in the local newspaper. To celebrate the opening of their new premises they had an opening function for clients and staff in November. This cost $4,500. On 1 February 2020 they received a notice from a rival business challenging their business name. This was successfully challenged; however the legal costs were $2,400.

On 1 February 2020 they received a notice from a rival business challenging their business name. This was successfully challenged; however the legal costs were $2,400.

Advise Jackson Marketing what deductions may be claimed in respect of the above expenditure for the year ending 30 June 2020.