Curt is self-employed as a real estate salesman and drives his car frequently to take clients to see homes for sale. Curt drove his car 20,000 miles for business purposes and 25,000 miles in total. His actual expenses for operating the auto including
depreciation are $10,000 since he drove it so much during the year. Curt has used the actual cost method since he started his business in 2013 . How much is Curt's deductible auto expense for the year?
$8,000 (20,000 / 25,000 miles × $10,000). Since Curt has used the actual cost method in the previous tax year, he is not entitled to use the standard mileage method.
You might also like to view...
Bank transfer schedules are used by the auditor to address which of the following concerns?
a. Lapping. b. Kiting. c. Embezzlement by omitting outstanding checks on reconciliation. d. All of the above.
Electronic Mail Communication ? Technology has expanded communications options. Consequently, electronic communication tools are increasingly important to workplace success. Understanding the elements of successful electronic communication will help you craft effective, professional messages and build your credibility in the workplace and beyond. Email is advantageous in the workplace because
it _________. A. reduces the need for formal communication B. is regulated by firewalls C. facilitates the fast, convenient flow of information Fill in the blank(s) with correct word
The medium over which the message travels is called the channel
Indicate whether the statement is true or false
Under Armour used ________ ads to create interest and excitement around a new product introduction for its Armour39 performance monitoring system. It wanted to create some suspense and mystery for the new product.
A. reminder B. transformational C. rational D. consumer-generated E. teaser