Response to the following problem:
From the following information, calculate the motor vehicle expense for Mr. John Schofield with all available alternatives and select the most appropriate option for tax purpose.
He bought a Honda Accord for $28,000 on 25th July 2013. It has an engine capacity of 2.6 litres. In the current financial year he has travelled 22,000 km in total. He has kept a log book that shows 18,000 km is for work purpose. He has incurred the following expenditures for the motor vehicle:
· Petrol: $1600
· Depreciation: $2812
· Registration: $350
· Insurance: $600
Tyres and Battery: $1075
· Servicing: $525
He has all the records for expenses.