Which of the following is not true of the standard mileage rate used in the...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Which of the following is not true of the standard mileage rate used in the computation of business automobile expenses? Group of answer choices AThe rate generally increases from year to year. BThe rate includes an allowance for depreciation on the automobile. CThe rate does not include an allowance for business parking and tolls. DThe rate can be used even if actual car expenses were used on the automobile in the previous year.
Which of the following is not true of the standard mileage rate used in the computation of business automobile expenses?
Group of answer choices
AThe rate generally increases from year to year.
BThe rate includes an allowance for depreciation on the automobile.
CThe rate does not include an allowance for business parking and tolls.
DThe rate can be used even if actual car expenses were used on the automobile in the previous year.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.