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2 January, 15:19

Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1,500 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $3,000. During the year, he drove his car a total of 12,000 miles (a combination of business and personal travel). (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)

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  1. 2 January, 16:54
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    A.$2,250

    B.$1,152

    Explanation:

    A.

    $1500 + 3000*[3000/12000]

    $1,500 + $750

    = $2,250

    B.

    {[820/12000]*3000} + {[820/1300]*1500}

    =$205 + $946

    =$1,152
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