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20 August, 22:31

In 2013, Emma purchased an automobile, which she uses for both business and personal purposes. Although Emma does not keep records as to operating expenses (e. g. gas, oil and repairs), she can prove the percentage of business use and the miles driven each year. In march 2015, Emma seeks your advice as to what income tax benefit, if any, she can derive from the use of her automobile. What would you suggest?

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  1. 21 August, 00:43
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    Emma can't utilise the genuine cost technique for derivation as the records are absent. Everything she can do is that she can guarantee finding based on miles driven per year. So she can utilise the automatic mileage technique for deduction.
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