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What amount and where would this go on 2018 draft forms? On January 2, 2018, Joyce purchases a new car to use in her business.
What amount and where would this go on 2018 draft forms?
On January 2, 2018, Joyce purchases a new car to use in her business. The car, a Volster, costs $15,200 Joyce pays $2,200 in cash and finances the balance through the dealer. She uses the car 45% of the time for business and drives a total of 10,800 miles during 2018.
The total expenses for the 10,800 miles driven are:
repairs and maintenance: $240
insurance: $920
gasoline: $1960
The correct depreciation expense is $684
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