I january 2013 mr d who is self-employed purchased a new

Assignment Help Accounting Basics
Reference no: EM13590491

In January 2013, Mr. D, who is self-employed, purchased a new automobile, which he uses 100% for business. During 2013, he drove the car 14,000 miles. Mr. D also owns another automobile, which he uses occasionally for business but primarily for personal purposes. During 2013, he drove the second car 2,000 business miles. The second car is not fully depreciated. What is the amount of Mr. D's automobile expense deduction using the standard mileage rate?

Reference no: EM13590491

Questions Cloud

Happy lucky drove her car a total of 18000 miles during : happy lucky drove her car a total of 18000 miles during 2013. of this 12000 miles was related to business for jr
In 2009 pendelton corporation acquired equipmnet at a cost : in 2009 pendelton corporation acquired equipmnet at a cost of 120000. the equipment is to be depreciated by the
A vertical straight wire carrying an upward 28 -a current : a vertical straight wire carrying an upward 28 -a current exerts an attractive force per unit length of 6.710-4 nm on a
Gina weighed twice as much as brianna annie weighed 5 more : three sisters got weighed at the doctors office. gina weighed twice as much as brianna. annie weighed 5 more pounds
I january 2013 mr d who is self-employed purchased a new : in january 2013 mr. d who is self-employed purchased a new automobile which he uses 100 for business. during 2013 he
Assume that a company issues a bond at 92 having a face : assume that a company issues a bond at 92 having a face value of 5000 and a coupon interest rate of 6. the bonds pays
When a second capacitor is connected in parallel with the : question a capacitor is connected across the terminals of an ac generator that has a frequency of 440 hz and supplies a
Howie long has just learned he has won a 511200 prize in : howie long has just learned he has won a 511200 prize in the lottery. the lottery has given him two options for
Comparison of actual-costing methods the rehe company sells : comparison of actual-costing methods. the rehe company sells its razors for 3 per unit. the company uses a first-in

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd