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Colin runs a florist and he is a small business entity. He has a general small business pool opening balance of $40,000 on 1

Colin runs a florist and he is a small business entity. He has a general small business pool opening balance of $40,000 on 1 July 2021. In December 2021 he bought a chiller to help preserve his stock of flowers, at a cost $9,000 (including a delivery charge of $200). Calculate the total decline in value for the 2021/22 year.

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