Peni Tamalolo commenced a bakery business on 1 April 2019 and would like to claim maximum depreciation (as a business deduction) for the assets which he purchased for his new business shown below.

Asset	Date of acquisition	Cost ($)
Ovens	3 April 2019	30,000
Tin and trays	15 April 2019	4,500
Slicing Machines	6 May 2019	3,700

Required:

Find the applicable depreciation rates for the assets shown above from the IRD website and calculate the amount of depreciation loss for the income tax year ended 31 March 2020 for Penis business assuming the pool method is used for all assets costing $5,000 and under. Show all workings