(Answered) Issue 1 - on 1 july 2015 naalti purchased a factory in

Accounting

ISSUE 1 - On 1 July 2015 Naalti purchased a factory in outer Melbourne. On 3 July 2015 she paid $30,000 to repair a large crack in the wall that's been there for the past 6 years.

Advise Naalti what deductions (if any) she can claim in respect of the $30,000 repairs. 80-120 words.

ISSUE 2 - On 15 March 2016 Naalti was advised that an overseas rival company which had developed a more efficient computer monitor was planning to seek a license to set up business in Melbourne and sell their computer monitors in Australia. As this could potentially reduce Naalti's profits, she incurred $60,000 in legal fees in opposing the granting of the license to the rival company.

Advise Naalti what deductions (if any) she can claim in respect of the $60,000 legal fees. 80-120 words.

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