An extract of the Asset Register of Ace Pty Ltd (“Ace”) for the 2018 - 2019 Income year is shown as follows:

Asset	Cost	Opening Adjustable Value	Method	Effective Life	Decline in Value for This Period	Closing Adjustable Value
Printer	1200	1200	Diminishing Value	3 years	400	800
Desks	3000	2400	Prime Cost	10 years	300	2100
Appliances	2600	1040	Prime Cost	5 years	520	520

All depreciable assets are 100% for business use and Ace uses a low-value pool for all eligible assets. The closing value of the low-value pool at 30 June 2019 was $8,000. Ace purchased a camera on 20 Jan 2020 for $840. Advise Ace of the Income Tax consequences arising out of the above information for the 2019 - 2020 Income year assuming Ace is not a small business entity.