Problem: Smalls Pty Ltd is a photography business which is also a small business entity. On the 1 July 2021, it acquired a laser printer costing $11,000 (5-year life) and some camera equipment costing $10,000 (8-year life) for 100% use in the business.
The maximum depreciation deduction that can be claimed by Smalls Pty Ltd in relation to the above assets for the 2021/22 tax year is:
Group of answer choices
a. $6,900
b. $21,000
c. $4,400
d. $2,500