Answer to Q$-8\mathrm{.}25($Car expenses using logbook and expense data$)$

Note$-$ Please show all workings where necessary and you may use additional space below

Please write your workings$/$explanations and answers in Blue cells prepare tax documentation for individuals edition $18$ solution to question $8\mathrm{.}25$ QUESTION $8\mathrm{.}25$

$($Car expenses using logbook and expense data$)$

Rory derives business income from a retail cosmetics store. On $1$

october $2021,$ Rory bought a Mercedes for $$78,340.$ Its effective life is

eight years. Rory kept a logbook for $12$ weeks which disclosed the

following:

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

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 $2022.$

Rory also kept receipts and records which show the following costs:

Petrol and Repairs

Excess on Insurance for repairs

Car Washes

Registration and Insurance

Parking at Airport $($during a business trip$)$

Determine the maximum amount of any deductions available to

Rory.