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Automobile Busness usage % meals -50% Dedoctine Entertinment - N/D. a iftos - Limited 25gr/Dong BUSINESS EXPENSES: bill is se

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Answer #1
Particulars Amount
Total KMs driven 25000
KMs used for business purpose 15000
% of business use carried out 60%
Total Expenditure
Gasoline 5000
Interest on Auto Loan 1500
Insurance 1000
Repairs and Maintenance 2100
Licenses and Registration 400
Depreciation 5000
Total (A) 15000
% of business Expenditure 60%
Amount of business expenditure 9000
Other Expenditure totally allocable to business
Business Meals 800
Business Entertainment 500
Professional Association dues/publications 300
Gift to customers 400
Office Supplies 100
Total (B) 2100
Total Business Expenditure 11100
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