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geNOWV2 Online TechX O . X R : Reading list Vir/takeAssignment/TakeAssignmentMain.do?uvokerStakeAssignmentSession.ocator-Einprogress=false Login: TN Campus Mnd TapCengage CengageNoWV2A Self-Study Problem 3.3 Marc Lusebrink, sole proprietor or
geNOWV2 Online TechX O . X R : Reading list Vir/takeAssignment/TakeAssignmentMain.do?uvokerStakeAssignmentSession.ocator-Einprogress=false Login: TN Campus Mnd TapCengage CengageNoWV2A Self-Study Problem 3.3 Marc Lusebrink, sole proprietor or Oak Company, bought a used automobile and drove it 13,120 miles for business during 2020 and a total (including business miles) or 16,000 miles. His total expenses for his automobile for the year are: Gasoline $2,061 Oil changes Insurance 1,030 c 92 Tires 225 Repairs 620 Total $4,028 The automobile cost $20,000 on January 1, and depreciation expense for the year, including business use, was $4,000. His business parking and toll fees for business amount to $327. Calculate Mare's transportation expense deduction for the year under each method listed below. Round business use to the nearest whole percentage. If required, round your answers to the nearest dollar. Standard Mileage Methods 7,544 x Actual Cont Method 6,910 Which method should Marc ? Standard mileage incorrect Check My Work geNOWV2 Online TechX O . X R : Reading list Vir/takeAssignment/TakeAssignmentMain.do?uvokerStakeAssignmentSession.ocator-Einprogress=false Login: TN Campus Mnd TapCengage CengageNoWV2A Self-Study Problem 3.3 Marc Lusebrink, sole proprietor or Oak Company, bought a used automobile and drove it 13,120 miles for business during 2020 and a total (including business miles) or 16,000 miles. His total expenses for his automobile for the year are: Gasoline $2,061 Oil changes Insurance 1,030 c 92 Tires 225 Repairs 620 Total $4,028 The automobile cost $20,000 on January 1, and depreciation expense for the year, including business use, was $4,000. His business parking and toll fees for business amount to $327. Calculate Mare's transportation expense deduction for the year under each method listed below. Round business use to the nearest whole percentage. If required, round your answers to the nearest dollar. Standard Mileage Methods 7,544 x Actual Cont Method 6,910 Which method should Marc ? Standard mileage incorrect Check My Work
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