Mary owns an investment property from which she derives rent. Mary uses a low-value pool which at 30th of June 2020, had a balance of $2300. Mary also has an air conditioning unit that she had depreciated using the diminishing value method over its life of 10 years. The adjustable value at 30th June 2020 was $850

On 1 October 2020 Mary bought an alarm for the property which cost $720. In addition, Mary installed solar on the roof at the cost of $5,000 on 1 January 2021. The effective life of the solar is 10 years.

On 31March 2021, Mary sold a clothes dryer for $250 as her tenants no longer wish to use it. The dryer had been previously placed in the asset pool.

Calculate the balance of Marys low-value pool as at 30 June 2021 and the decline in value deduction available for the 2020/21 (current) tax year by stating the answers in the spaces provided.

Just write the figures without any commas e.g. 1200. The Decline in Value and CAV must be written in whole dollars, but without the $ sign. Round up where required, e.g 100.5 becomes 101. The Rate percentages must be written with decimals where applicable, e.g. 27.5 or 100, but without the percentage sign.

	UNIFORM CAPITAL ALLOWANCES
	EXISTING ASSETS AND NEW ASSETS							DISPOSALS
YEAR	ITEM	CP	OAV	RATE	DAYS	Decline in Value	CAV	AV (at sale)	SP	B/A
1/7	Pool		2300	?		?	?
1/7	Aircon		?	?		?	?
1/10	Alarm	720		?	?	?	?
1/1	Solar	5000		?	?	?	?

Taking into consideration the sale of clothes dryer, Marys low-value pool balance at 30 June 2021 is.....?

Mary wishes to minimise her taxable income. The total decline in value deduction available to Mary for 2020/21 year is....?