Jackson uses his automobile 90 for business and during 2012, Ask an Expert

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Jackson uses his automobile 90% for business and during 2012 drove a total of 14,000 miles. Information regarding his car expenses is listed below. Business parking $ 140 Auto insurance 1,300 Auto club dues (includes towing service) 180 Toll road charges (business-related) 200 Oil changes and engine tune-ups 210 Repairs 160 Depreciation allowable 2,850 Fines for traffic violations (incurred during business use) 320 Gasoline purchases 2,800 What is Jackson's deduction in 2012 for the use of his car if he uses: a. The actual cost method? $ b. The automatic mileage method?

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Accounting Basics, Accounting

Category:- Accounting Basics
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