A taxpayer purchases a building as an investment to derive residential rental income. The taxpayer settled the building on 1 December 2021 for a total cost of $900,000 with land value of $1.5m. The previous rental tenants continued renting under the previous lease arrangements. At the time of purchase the previous owner handed over a schedule of depreciation where construction costs totaled $300,000 when the property was built in 2007 , that had a land value at the time of $550,000. How much is the capital works deduction that the taxpayer can claim in 2022 income year? Select one: a. $12,343 b. $4,356 C. $13,068 d. $7,500