Question
Garry decides to visit his friend in Rotorua.He drives there using his work vehicle which cost $30,000.Garry used the vehicle 40% of the time for
Garry decides to visit his friend in Rotorua.He drives there using his work vehicle which cost $30,000.Garry used the vehicle 40% of the time for private purpose His petrol for this visit costs $200, which he pays for personally. Calculate the value of the motor vehicle fringe benefit.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
