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Wednesday, November 11, 2020 9:20:50 AM
Also the biggest factor in the IRS determining a mileage reimbursement number is not fuel costs but depreciation. In order to calculate depreciation a starting and ending asset value is needed.
My guess is The IRS uses some kind of average cost of a new vehicle and an average trade-in value after "X" number of years when determining depreciation average values.
There's no way around it, a begining asset value (i.e. amount of gold reserves) is needed to be able to put forward a credible cost per ounce number.
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