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What is the accounting treatment and income tax treatment of the fee for Online Shopping Cart (one-off cost paid to X-Mart to add an on-line
What is the accounting treatment and income tax treatment of the fee for Online Shopping Cart (one-off cost paid to X-Mart to add an on-line shopping facility)? The fee incurred in developing a website.
When presenting your answer, please make sure to briefly refer to appropriate references (ie. AASB Accounting Standards, sections of the ITAA (1936) and/or ITAA (1997) and relevant taxation rulings.
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