Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate actual vehicle expenses for tom, a self-

Calculate actual vehicle expenses for Tom, a self-employed business owner who used his own car...

60.1K

Verified Solution

Question

Accounting

Calculate actual vehicle expenses for Tom, a self-employed business owner who used his own car for company business. He drove 23,457 total miles during the year, of which 19,577 were business-use miles. Tom's car is nine years old and is fully depreciated. His other automobile expenses include $2,400 gas, $360 oil changes, $1,250 repairs, $400 insurance, and $150 personal property tax. $3,682 $3,806 $4,410 $4,560

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

E 15 Part 1 of 2 BC PT7 Part 2 of 2 36 67 45...

Medical Sciences
1.2K views

If an autoimmune condition affects Type 3 immunity, therapies such as anti-IL-17 or anti-IL-23 may be...

General Management
1.2K views

Reading: A. G. Lafley joined Procter & Gamble (P&G) in 1977 as brand assistant for Joy dishwashing...

Biology
1.2K views

Which statement about organisms in Phylum Chordata is FALSE? All chordate embryos:have a nerve cord.possess...

Biology
1.2K views

Which term describes an individual that carries two of the same alleles for a given...

Physics
1.2K views

I mass m and side r 26 ABC is an equilateral triangular frame It is...

Basic Math
1.2K views

Suppose it has been determined that the sales at a gallery decline after the end...

Statistics
1.2K views

A factory received a shipment of 47 bolts and the vendor who sold the items...

Calculus
1.2K views

Determine the domain of the function f x 49 36x OA OB O C 77...

Algebra
1.2K views

A Choose the graph for the inequality y 3x 3 4 2 22 1 D...

Accounting
1.2K views

Question 1 The following data pertains to Stainless Steel Enterprises for the year ended December...

Accounting
1.2K views

Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based...