Week 4 John owns a convenience shop called City Conv. The following events occurred for John during 2019- 2020 financial year () John incurred legal expenses as he was sued for false advertising. (1) John purchased new fridge to the shop - $800. In addition, his builder added more space to the shop front. This cost him $22.000 (it) John ordered 1000 new T-shirts with printed City Conv's logos for marketing purposes. These costs him $1,500 (iv) John received a City of Sydney fine for putting his sales item for display outside his shop without a permit. He required to apply for a permit to use the footpath. Required: with reference to relevant legislation and case law advise John on the assessability and/or deductibility of above events. (10 marks, maximum 300 words) Week 5 A. Alex purchased a CNC machine on 1st October 2019 at a cost of $110,000 (including GST). This machinery is estimated to have a useful life of seven years. B. Alex purchased a Holden car on 1 May, 2019 at a cost of $63,000, estimated to have a useful life of five years. Required: With reference to relevant legislation and case law, discuss and calculate what amount is allowed as a deduction for the decline in value of the machinery and the Holden car discussed above, using both prime cost and diminishing value methods. (10 marks, maximum 200 words)