Garret Branson conducts a business as a psychologist. He is not a SBE taxpayer.

Calculate the maximum decline in value deduction for 2019/20 for each item (including if within the low value pool).

Low Value Pool	Opening Balance 1/7/2019	Decline in value
Commenced 1 July 2012	1400	Answer for part 1
Held on 30 June 2019 (all acquired after 10 May 2006)
Asset	Cost ($)	Adjustable Value at 30/6/19 ($)	Effective Life Years	Depreciation Method
Couch	5800	300	7	Prime Cost	Answer for part 2
Professional Library	3900	1250	7	Diminishing Value	Answer for part 3
Computer	2800	920	4	Prime Cost	Answer for part 4
Desk and Chairs	5100	2000	7	Prime Cost	Answer for part 5
Stereo System	3300	740	8	Diminishing Value	Answer for part 6
Acquired during 2019/20
Asset	Cost ($)	Date of Purchase	Effective Life Years
Wall unit	800	31/10/19	5	Answer for part 7
Microwave Oven	540	1/3/20	3	Answer for part 8
Laptop Computer	5200	31/5/20	3	Answer for part 9