Referring to relevant statutory provisions and common law, discuss whether the following amounts would be as an allowable deduction against assessable income.   Provision of doubtful debts of $4,200 for a detective agency. Speeding fines of $ 700 paid by an owner to a driver. An amount of $1,000 paid to a solicitor for preparing a partnership deed. Travel cost of a business executive to attend a trade fair in Munich paid by the employer. 5 Newspapers purchased by an accountant who advises clients on financial and investment matters

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Q: Provision of doubtful debts of $4,200 for a detective agency.

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