Rory derives business income from a retail cosmetics store. On 1 October 2019,63 Rory bought a...

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Rory derives business income from a retail cosmetics store. On 1 October 2019,63 Rory bought a Mercedes for $78,340. Its effective life is eight years. Rory kept a ms logbook for 12 weeks which disclosed the following: 1 yil62 (6) ● ● Travel from home to the shop and return Travel from the shop to college (Rory is studying a course in fitness training) Travel from college to home Travel to customers and suppliers 2,735 km 370 km 735 km 3,460 km The logbook is representative of the entire year. Odometer records showed a total of 23,840 kilometres travelled during the period up to 30 June 2020. Rory 160 also kept receipts and records which show the following costs: Petrol and Repairs Excess on Insurance for repairs Car Washes $2,850x9 600 8.8 Moug 930 bemuoni ever exsysqxd gniwollol sn 10363 Registration and Insurance dar einuoms yns 91612 30 1,735 ma Parking at Airport (during a business trip) on 26 qed ross jari 380 Determine the maximum amount of any deductions available to Rory. nsaxs Rory derives business income from a retail cosmetics store. On 1 October 2019,63 Rory bought a Mercedes for $78,340. Its effective life is eight years. Rory kept a ms logbook for 12 weeks which disclosed the following: 1 yil62 (6) ● ● Travel from home to the shop and return Travel from the shop to college (Rory is studying a course in fitness training) Travel from college to home Travel to customers and suppliers 2,735 km 370 km 735 km 3,460 km The logbook is representative of the entire year. Odometer records showed a total of 23,840 kilometres travelled during the period up to 30 June 2020. Rory 160 also kept receipts and records which show the following costs: Petrol and Repairs Excess on Insurance for repairs Car Washes $2,850x9 600 8.8 Moug 930 bemuoni ever exsysqxd gniwollol sn 10363 Registration and Insurance dar einuoms yns 91612 30 1,735 ma Parking at Airport (during a business trip) on 26 qed ross jari 380 Determine the maximum amount of any deductions available to Rory. nsaxs

Answer rating: 100% (QA)

I The maximum deductions available to Rory amounts to 22326 i Al... View the full answer