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I need formulas and processes Exercise 04-19 K is required to use her own automobile for... K is required to use her own automobile for

image text in transcribedI need formulas and processes

Exercise 04-19 K is required to use her own automobile for... K is required to use her own automobile for employment purposes. She incurred the following expenses in the current year: Gasoline $2,300, Insurance $1,400, Repairs $800, Parking for employment purposes $350, Interest on car loan $4,200 for 12 months, and Capital cost allowance $6,500. K drove the car 28000 km of which 19000 km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year? Note: Do not place a minus sign in front of the amount. $

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