Yuma Corporation owns a parking lot adjacent to its office building for which it incurs $9,000 of
Question:
Yuma Corporation owns a parking lot adjacent to its office building for which it incurs $9,000 of total parking expenses. Yuma’s parking lot has 120 spots are used by its customers and employees in which they can park for free. Yuma usually has 66 employees parking in the lot in non-reserved spots during normal business hours a typical business day. How much of the $9,000 9,000 parking expenses can Yuma deduct?
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4050 is deductible 66...View the full answer
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Diane Joyce Pastorin
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