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  3. 2 henry bird purchased a new car with a 2,200 cc n

2 Henry Bird purchased a new car with a 2,200 cc non-rotary engine on 1...

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Accounting

2 Henry Bird purchased a new car with a 2,200 cc non-rotary engine on 1 July 2019 for $50,000. For the year ended 30 June 2020, the car travelled 18,000 kilometres, of which 3,000 related to business use. The running costs of the car were: Bank finance costs 6,500 Registration 700 Petrol 1,800 Maintenance 1,000 Depreciation 12,500 Having regard to the substantiation provisions, which method will provide Henry with the greatest deduction? If Henrys business use was 7,000 kilometres, how would this change your answer? If the car cost $ 60,000 how would this affect your

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