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A taxpayer derives residential income from a property, and purchases the following depreciating assets: New dishwasher - purchases and installs a new dishwasher on 1
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
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