A taxpayer derives residential income from a property, and purchases the following depreciating assets: - New dishwasher - purchases and installs a new dishwasher on 1 July 2021, at a cost of $2200, with an effective life of 5 years - 2nd hand air conditioner- purchases and installs a second hand air conditioner on 1 July 2021, at a cost of $1000 and with an effective life of 5 years. Based on the above, what is the maximum decline in value deduction available for the taxpayer in 2022? Select one: a. $0 b. $240 C. $2,200 d. $480 e. $880