manager in late April and as a result, received a new phone from his employer. He sold the iPhone for $$500$ on $1$ June $2024$ to a reputable second$-$hand dealer.

Assume that the iPhone has an effective life of $2$ years and Andrew uses the prime cost method for calculating depreciation deductions.

What is Andrew's balancing adjustment amount under Div $40$ ITAA$97$ in relation to sale of his iPhone to the second$-$hand dealer?

A$.$ A deductible amount of $$73\mathrm{.}56.$

B$.$ A deductible amount of $$111\mathrm{.}78.$

C$.$ A deductible amount of $$260\mathrm{.}82.$

D$.$ A deductible amount of $$372\mathrm{.}60.$

E$.$ A deductible amount of $$500\mathrm{.}00.$