Question: Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,450 for gasoline on these trips. His depreciation
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,450 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $3,600. During the year, he drove his car a total of 14,700 miles (a combination of business and personal travel). (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)
a. Ryan can provide written documentation of the business purpose for trips totaling 4,410 miles. What business expense amount can Ryan deduct (if any) for these trips?
Maximum deductible amount_______?
a. Ryan can provide written documentation of the business purpose for trips totaling 4,410 miles. What business expense amount can Ryan deduct (if any) for these trips?
Maximum deductible amount_______?
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