Art is a self-employed installer of home entertainment systems, and he drives his car frequently to installation
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Art is a self-employed installer of 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?
Related Book For
Income Tax Fundamentals 2016
ISBN: 9781337343527
34th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
Posted Date: