Chris has decided to start a taxi company and has purchased seven passenger vehicles he is hired 15 drivers so that he can keep all the vehicles on the road at all times what are his options for the vehicle expense?
Chris can use SM or for up to four of the vehicles but he will have to use actual expense for the other three.
Christmas use actual expense for all of the vehicles
Chris can make a different decision for each vehicle
Chris will have used ask him or in the first year so that he can choose SMR or actual expenses in the future years