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Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1,940 for gasoline on these trips. His
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1,940 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,200. During the year, he drove his car a total of 12,400 miles (a combination of business and personal travel) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 1-51 Part-a (Algo) a. Ryan can provide written documentation of the business purpose for trips totaling 2,480 miles. What business expense amount can Ryan deduct (if any) for these trips? Maximum deductible amount $
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