Kenrick Is an Employee of the Theta Corp

question 35

True/False

Kenrick is an employee of the Theta Corp.sales department.He uses his automobile 75% for making sales calls.He can deduct depreciation on his auto by reporting on Form 4562 (Depreciation and Amortization).

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Definitions:

Accounting Principle

Fundamental guidelines and rules that govern the accounting process and financial reporting of businesses.