How do you calculate to get this answer?

Stephanie bought a new car for $90,000 on 1 July 2022 and started using it from that day. She uses the car 75% for work purposes in her job as a real estate salesperson. The effective life of the car is 8 years. Using the diminishing value method, what is the amount of the decline in value of Stephanie's car in the 2022/23 income year that would be deductible?

Selected Answer:	b. $12,138.94
Answers:	a. $4,046.31
	b. $12,138.94
	c. $16,185.25
	d. $16,875.00
	e. $22,500.00

Response Feedback:

That's correct, well done!