A taxpayer owns a large business with less than $5 billion turnover. He has an Opening Balance in an existing Pool of $180,000. He has purchased the following 2 items on 1 November of the current income year: Asset X at the cost of $900. It has a life expectancy of 15 years. Asset Y at the cost of $145,000. It also has a life expectancy of 15 years. The taxpayer would like to use the low-value pools where applicable and minimise his taxable income. What will be the rate of depreciation and the Decline in value for the current year for each of the items? Complete the answers in the spaces below. The schedule below will only permit you to write the depreciation rate and the decline in value. Only write the figures without the commas or the percentage sign. UNIFORM CAPITAL ALLOWANCES EXISTING ASSETS AND NEW ASSETS YEARITEMCP OAV RATE 1/7 Pool 180000 1/11 X 900 1/11 Y 145000 DISPOSALS DAYS Decline in Value CAVAV SPB/A (at sale)