Question

Brian sometimes uses his car for work purposes. He provided the following information in respect of the year:

Items

Amount ($)

Car cost

37250

Fuel

3120

Insurance

563

Repairs

742

parking fees

80

Registration

543

Speeding fine

120

Road tolls

167

Car wash

90

Brian kept a logbook for the entire year and it showed the following:

Trips

Km

Trips between work and home

4917 km

Trips between places of work

5270 km

Private trips

5243 km

Brian's car has a 2.2 litre engine and he prefers to depreciate it at 15% straight line. It was purchased on 1 July.

a) Calculate Brian's motor vehicle deduction using each possible method.

b) Which method should Brian use to minimise his tax?

he lives in Australia

Answer 1

05 3725O 07 猛| 08 oo Paid at tee pund ne) 563 W 10 543 F 12 00 value at T 16 T 18 ol87 s 21 12. M 22 T 23 W 24 T 25 3835 6 3836 x10IB) sy30 5 323 F 26 S 27 S 28 nd MÍ 29