LO 4.2 6. Art is self-employed installing home entertainment systems, and he drives his car frequently to

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LO 4.2 6. Art is self-employed installing home entertainment systems, and he drives his car frequently to installation locations. Art drove his car 15,000 miles for business purposes and 20,000 miles in total. His actual expenses, including depreciation, for operating the auto are $10,000 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?

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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