In 2018, Ensley drove her automobile 28,500 miles. She incurred the following expenses during the year related to the automobile:Gas and oil, lubrication: $1,800 Insurance: $980Repairs: $360Licenses and registration fees: $50Business parking and tolls: $170She uses the automobile 80% for business. Based on the data, Ensley's automobile deduction under the actual cost method is
In 2018, Ensley drove her automobile 28,500 miles. She incurred the following expenses during the year related to the automobile:Gas and oil, lubrication: $1,800 Insurance: $980Repairs: $360Licenses and registration fees: $50Business parking and tolls: $170She uses the automobile 80% for business. Based on the data, Ensley's automobile deduction under the actual cost method is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In 2018, Ensley drove her automobile 28,500 miles. She incurred the following expenses during the year related to the automobile:
Gas and oil, lubrication: $1,800
Insurance: $980
Repairs: $360
Licenses and registration fees: $50
Business parking and tolls: $170
She uses the automobile 80% for business. Based on the data, Ensley's automobile deduction under the actual cost method is
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