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Mariulka [41]
3 years ago
15

Art is a self-employed installer of home entertainment systems, and he drives his car frequently to installation locations. Art

drove his car 16,600 miles for business purposes and 23,000 miles in total. His actual expenses, including depreciation, for operating the auto are $9,425 since he had to have the car repaired several times. Art has always used the actual cost method in the past.How much is art's deductible auto expense for the year?Round any interim division calculations to five decimal places. Round the final answer to the nearest dollar.
Business
1 answer:
kap26 [50]3 years ago
3 0

Answer:

Explanation:

The expenses that Ryan can deduct for the business trips he had is calculated by summing up the expenses he had with regards to gasoline and the depreciation.

Cost of gasoline = (3,760 miles)($1,590/18,800 miles) = $318

Cost of depreciation = $4,800

Adding the costs will give us an answer of $5118.

Answer: $5,118

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5 0
1 year ago
If import restrictions remain in effect after an infant industry becomes competitive in the domestic​ market, consumers in this
sertanlavr [38]

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8 0
3 years ago
Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions: In part a, enter your answe
Fudgin [204]

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