Problem 9-51 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500. During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel). Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 9-51 Part-a (Algo) a. Ryan can provide written documentation of the business purpose for trips totaling 4,800 miles. What business expense amount can Ryan deduct (if any) for these trips? Maximum deductible amount
Problem 9-51 (LO 9-2) (Algo) [The following information applies to the questions displayed below.] Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500. During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel). Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 9-51 Part-a (Algo) a. Ryan can provide written documentation of the business purpose for trips totaling 4,800 miles. What business expense amount can Ryan deduct (if any) for these trips? Maximum deductible amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 9-51 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for
gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500.
During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel).
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Problem 9-51 Part-a (Algo)
a. Ryan can provide written documentation of the business purpose for trips totaling 4,800 miles. What business expense amount can
Ryan deduct (if any) for these trips?
Maximum deductible amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e7eda10-7de1-496d-ae17-ee7823c1ac4c%2Ffb7670bd-1211-410f-bc10-1aa30e32a837%2Fzvlznln_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Problem 9-51 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for
gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500.
During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel).
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Problem 9-51 Part-a (Algo)
a. Ryan can provide written documentation of the business purpose for trips totaling 4,800 miles. What business expense amount can
Ryan deduct (if any) for these trips?
Maximum deductible amount
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