Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500. During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel). Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 9-51 Part-b (Algo) b. Ryan estimates that he drove approximately 1,700 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 1,200 miles. What business expense amount can Ryan deduct (if any) for these trips?
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500. During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel). Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 9-51 Part-b (Algo) b. Ryan estimates that he drove approximately 1,700 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 1,200 miles. What business expense amount can Ryan deduct (if any) for these trips?
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 27CE: LO.4 On April 5, 2019, Kinsey places in service a new automobile that cost 60,000. He does not elect...
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![Problem 9-51 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for
gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500.
During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel).
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Problem 9-51 Part-b (Algo)
b. Ryan estimates that he drove approximately 1,700 miles on business trips, but he can only provide written documentation of the
business purpose for trips totaling 1,200 miles. What business expense amount can Ryan deduct (if any) for these trips?
Maximum deductible amount](https://content.bartleby.com/qna-images/question/b7e32729-94d8-46a0-927e-66c0c1310ed7/d75afe7a-9b77-48af-ba6f-a79bc7c7dda6/zmjq1s7_processed.png)
Transcribed Image Text:Problem 9-51 (LO 9-2) (Algo)
[The following information applies to the questions displayed below.]
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for
gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500.
During the year, he drove his car a total of 16,000 miles (a combination of business and personal travel).
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Problem 9-51 Part-b (Algo)
b. Ryan estimates that he drove approximately 1,700 miles on business trips, but he can only provide written documentation of the
business purpose for trips totaling 1,200 miles. What business expense amount can Ryan deduct (if any) for these trips?
Maximum deductible amount
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