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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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Answer:$5400

Explanation:

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3 years ago
What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
kherson [118]

The journal entry when writing off an account as uncollectible under the allowance method is:

Allowance for Doubtful Debts     ( Dr.)              xxxxx

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The allowance technique involves putting aside a reserve for terrible debts that are expected in the future. The reserve is based on a percent of the income generated in a reporting length, possibly adjusted for the danger associated with positive clients.

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The allowance approach requires a small commercial enterprise to estimate at the cease of the 12 months how an awful lot awful debt they have got, while the direct write-off method we could owners write off horrific debt whenever they determine a patron might not pay an invoice.

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2) What is the correct way to mark False Starts in Full Verbatim?
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Nitella [24]

There are different aspect to being a broker. To whom do the listings belong is  Carter as the principal broker.

<h3>Who is principal broker? </h3>
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