Cleaners Pty Ltd Is a Small Business Entity and During

Cleaners Pty Ltd is a small business entity and during the 2019/20 tax year the company purchased a new cleaning machine that cost $29,000 on 1 September 2019 and a second hand cleaning machine that cost $24,000 on 1 June 2020. The company's opening balance of its general small business pool was $82,000. What is the decline in value that Cleaners Pty Ltd can claim for the year ended 30 June 2020 (also include the effect of its closing pool balance in this calculation) ?

A) $135,000
B) $77,600
C) $65,300
D) $52,950