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Business, 10.02.2021 04:00 nev322

John is the sole owner of Green River Company. During the year, he bought a car for his personal and business use. In total, he drove it 14,210 miles for business and 18,450 overall. During the year, he spent the following total expenses on the car: a. Fuel $2,956

b. Oil changes $230

c. New tires $460

d. Repairs $410

e. Insurance $975

f. Car washes $125

He paid $25,000 for the car when he bought it in February. The total depreciation allowable, assuming 100% business use, was $4,100. In addition to the above expenses, John paid $455 for parking, ferry, and toll charges. Determine the largest deduction that John is entitled to.

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John is the sole owner of Green River Company. During the year, he bought a car for his personal and...

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