QUESTION 1:Consider the following circumstances.

(a) On 3 March 2016, RJH Pty Ltd received a payout from an insurance company inrelation to their building which had burnt down. RJH Pty Ltd received a total of$800,000 being $500,000 compensation for the loss of the building, $200,000 for theloss of trading stock and $100,000 for lost income

.(b) On 21 March 2016, SAM Pty Ltd sold the worldwide rights to its product Dynamo for$700,000. Dynamo is one of many products that SAM Pty Ltd manufactures. SAM PtyLtd is in the business of inventing new products, then selling them off as soon as theyare profitable. The sale of these rights means that SAM Pty Ltd is unable to produceDynamo in the future.

(c) On 30 June 2016, Minnie Me Pty Ltd agreed to sell its name and the rights to all itsproducts to a competitor. It agreed to terminate its engagement in the industry. Asingle payment of $5,000,000 was received

.(d) On the last garbage collection day before Chinese New Year, Doris Tsui left $100 as atoken of appreciation next to her garbage bin for collection by her garbage collectors. Thisis in accordance with Doris usual practice at Chinese New Year, as it is with otherresidents in her garbage collection area.

REQUIRED:In regard to the above circumstances, determine whether the amounts received areassessable incomeYou must justify your answers. You should refer to relevant case law and legislation