Joan operates a store in the city and uses her farmhouse on

Assignment Help Accounting Basics
Reference no: EM13615039

Joan operates a store in the city and uses her farmhouse on rural property 10 miles from the store for business meetings and storage. Joan works seven days a week and spends some nights in an apartment above the store and others at the farmhouse. She owns an Acura MDX that she uses to drive between the store and the farmhouse. Joan keeps a record of the business use of the SUV, but the record is very incomplete and lists the business usage for only about half of the weeks during the year. Joan is planning to take a statistical sampling from the records she has kept and extrapolate her results to determine her business usage for the SUV. She will use the automatic mileage method with these extrapolated results to determine her deductible expense for the year. Evaluate Joan's plan.

Reference no: EM13615039

Questions Cloud

How much power does each dog supply to p the sleddriver : a dog sledding team is comprised of a 82.6 kg musher the person driving the sled a 22.4 kg sled and four dogs. assume
Formulate an integer linear program that can be used for : 1. beechwood specialty electronics has just leased space for a store in the crestview hills towne center that will
Calculate the frequency of the dampened oscillation hz b by : a 9.70 kg object oscillates at the end of a vertical spring that has a spring constant of 2.20 104 nm. the effect of
Discuss whether the acquisition of real property affects : discuss whether the acquisition of real property affects the 40 test to determine whether the mid-quarter convention
Joan operates a store in the city and uses her farmhouse on : joan operates a store in the city and uses her farmhouse on rural property 10 miles from the store for business
A explain why the bump from your viewpoint behind the car : while driving behind a car traveling at 3.55 ms you notice that one of the cars tires has a small hemispherical bump on
A sample of 10 observations is selected from a normal : a sample of 10 observations is selected from a normal population for which the population standard deviation is known
At which point in the travel of the mass is the kinetic : a mass is hanging from a spring. consider this position the zero point. it is in equilibrium at this position. by
Wertheim12 found that self-esteem was one of the important : although there are many treatments for bulimia nervosa some subjects fail to benefit from treatment. in a study to

Reviews

Write a Review

Accounting Basics Questions & Answers

  Haft construction company has consistently applied the

haft construction company has consistently applied the percentageof completion method. on jan 10 2008 haft began work

  Financial statement analysis

he gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?

  Rabia corporation presents the current year and the two

rabia corporation presents the current year and the two previous years in its financial statements. which of the

  What is the net present value if the cost of capital is 12

kim johnson purchased an asset for 75500. annual operating cash inflows are expected to be 30000 each year for four

  What major concerns does the u.s. have regarding

What major concerns does the U.S. have regarding accepting an international standard setting body as the authority on accounting rules? Do you agree that this is a concern? Why or why not?

  Power drive corporation has the following beginning

power drive corporation designs and produces a line of golf equipment and golf apparel. power drive has 110000 shares

  Mantle co exchanged a used machine with maris co for a

mantle co. exchanged a used machine with maris co. for a similar machine with less use. mantles old machine originally

  Corporate formation transaction

What are the tax consequences of the corporate formation transaction?

  Machinery is purchased on july 1 of the current fiscal year

machinery is purchased on july 1 of the current fiscal year for 180000. it is expected to have a useful life of 4 years

  The administrator of break-a-leg hospital is aware of the

the administrator of break-a-leg hospital is aware of the need to keep his costs down because he just negotiated a new

  The finished goods units on hand on december 31 2014 was

yang company has budgeted the following unit salesnbspnbspnbsp 2015nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp

  If beginning retained earnings was 70000 ending retained

if beginning retained earnings was 70000 ending retained earnings was 48000 and cash dividends in the amount of 21000

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