PLs Answer those question please asap

1.XYZ Pty Ltd sells a machinery which has been used for income-producing purposes. The machinery is sold for $16,000 and its cost was $25,000. At the time of sale, the machinerys adjustable value is $9,000. What is the balancing adjustment amount in respect of the sale? Select one: $9,000 deductible $16,000 assessable $7,000 assessable $7,000 deductible

Lisa is a professional female rugby player. She works full-time at Manly club as a rugby player for the Sea Eagles. The following has been disclosed by Lisa.

Salary$600,000

Bonuses from club$20,000

Total$620,000

2. Lisa also received a thank you gift from a fan for winning the State of Origin game. The gifts comprise of $9,000 worths of wine and $9,000 cash.

What is Lisas assessable income for the current income year?

Select one:

A.

$620,000

B.

$629,000

C.

$638,000

D.

$600,000