Ross chooses not to allocate assets costing between $300 and $1,000 into a low- value pool. Instead, he prefers that you depreciate any depreciable assets purchased in accordance with their effective lives as set out by the Commissioner of Taxation in Table A of Taxation Ruling TR 2022/1 (refer to Residential Property Operators 67110). For Division 40 purposes, Ross wishes to use the diminishing value method (wherever possible) to maximise any depreciation deduction claimed. For Division 43 purposes, Ross uses the prime cost method