Ryan used his personal vehicle and commercial expenses. He will be able to use this information if he can prove the commercial use he made during the trip. This verification must be done through records, in this case, he can claim the cost of all the trips he made, including the cost of depreciation of the own car used by him. In other words, Ryan may apply for compensation, which will be related to the depreciation of the car and travel expenses. The total deduction for this indemnity is calculated as follows:
[(820 / 12,000) x $ 3000] + (820/1300) x $ 1,500] = $ 205 + $ 946 = $ 1,151.
However, Ryan will also be able to claim compensation at the standard mileage rate. In that case, he will only need to prove the 820 miles run by him. Since the base on the standard mile rate is 57.5 cents per mile, Ryan will be able to deduct deduct $ 443.
venture capital would not be considered
<h3>What is
venture capital?</h3>
Venture capital is a type of private equity financing provided by venture capital firms or funds to startups, early-stage, and emerging companies with high growth potential or that have demonstrated high growth.
Venture capital is money put into startups and small businesses that are high risk but have the potential for exponential growth. A venture capital investment seeks a high return for the venture capital firm, typically in the form of a startup acquisition or an IPO.
To know more about venture capital follow the link:
brainly.com/question/18776651
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Answer:
Applied overhead= $9,375
Explanation:
Giving the following information:
The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of $6,000, direct labor of 200 hours at $75 per hour, and overhead of 50% of direct labor cost.
During April, John’s time ticket showed 50 hours on Job BCB101.
Applied overhead= (200*75)*0.5 + (50*75)*0.5= $9,375
