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Tax - Intermediate Vehicle Expense [2019] _ 3 Ivan is planning on buying a new car in 2018 to use in his business. He would
Tax - Intermediate Vehicle Expense [2019] _ | |
3 | Ivan is planning on buying a new car in 2018 to use in his business. He would like to know the maximum depreciation deduction he can take in the first year. What will you tell him? |
A.- $10,000 | |
B.- $16,000 | |
C.- $16,400 | |
D.- $18,000 | |
4 | All of the following are used for actual expenses EXCEPT: |
A.- Parking fees. | |
B.- Auto Club membership fees. | |
C.- Parking tickets. | |
D.- Garage rent. |
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