Question
Rico operates a caf in a major shopping centre. He uses his Holden to travel to suppliers and other business related meetings. During the 2021/22
Rico operates a caf in a major shopping centre. He uses his Holden to travel to suppliers and other business related meetings. During the 2021/22 taxyear, Rico paid the following amounts:
- LeasePaymentsonHolden 8600
- Petrol 3200
- Services 1200
- Parking Meters (duringprivate trips) 270
- RegistrationandInsurance 1700
- SpeedingFines(duringbusinesstrips) 800
- CarWashes 290
- Roadtolls(during travelfromhometoshop) 480
- Membershiptomotorists'association 60
- CarhirewhileonbusinesstriptoNewZealand 700
- InstallationofAir-Conditioner(30June2022) 1600
- DriversLicence 100
Whatisthe total ofRico'scarexpenses forthe purposesof using Division 28 methods of calculation?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
