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 2022, 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 2022, 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 2023?

Select one:

a.

$2,200

b.

$0

c.

$240

d.

$880

e.

$480