please help with the last one D. michelle received a $1,325 loss.... ...

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Accounting

please help with the last one
D. michelle received a $1,325 loss.... image
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Required information Problem 9-46 (LO 9-1, LO 9-2) (Algo) [The following information applies to the questions displayed below.) Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations. (Leave no answers blank. Enter zero if applicable.) Problem 9-46 Part-a (Algo) a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $250 for speeding plus $205 for legal advice in connection with the ticket. Answer is complete and correct. Deductible amount $ 205 Required information Problem 9-46 (LO 9-1, LO 9-2) (Algo) [The following information applies to the questions displayed below.) Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations. (Leave no answers blank. Enter zero if applicable.) Problem 9-46 Part-b (Algo) b. Michelle paid $875 to reserve a parking place for her food truck for the fall football season outside the local football arena, Michelle also paid $220 for tickets to a game for her children. Answer is complete and correct. 5 875 Deductible amount Required information Problem 9-46 (LO 9-1, LO 9-2) (Algo) [The following information applies to the questions displayed below) Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations. (Leave no answers blank. Enter zero if applicable.) Problem 9-46 Part-c (Algo) c. Michelle provided a candidate with free advertising painted on her truck during the candidate's campaign for city council Michelle paid $1,000 to have the ad prepared and an additional $700 to have the ad removed from the truck after the candidate lost the election Answer is complete and correct. Deductible amount $ 0 Required information Problem 9-46 (LO 9-1, LO 9-2) (Algo) [The following information applies to the questions displayed below.) Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations. (Leave no answers blank. Enter zero if applicable.) Problem 9-46 Part-d (Algo) d. Michelle realized a $1,325 loss when she sold one of her food trucks to her father, a related party. Deductible amount

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