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Questions and Answers
What is the most popular mode of transportation among liberal professionals?
What is the most popular mode of transportation among liberal professionals?
- Cars
- Buses
- Electric bicycles (correct)
- Motorcycles
What must be done to use electric bicycles for professional purposes?
What must be done to use electric bicycles for professional purposes?
- Pay for maintenance
- Include it in professional assets (correct)
- Buy insurance
- Subsidize the purchase
Are companies eligible for subsidies when buying electric bicycles?
Are companies eligible for subsidies when buying electric bicycles?
- No
- Yes (correct)
- Only for maintenance
- Only for repair
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Study Notes
- Electric bicycles are a popular mode of transportation among liberal professionals and they offer many advantages over cars.
- The market for electric bicycles has exploded in recent years and many liberal professionals have chosen this mode of transportation.
- To use electric bicycles for professional purposes, you must include it in your professional assets and depreciate it over several years.
- You can deduct maintenance, repair and insurance costs in proportion to your professional use.
- If subsidies exist for the purchase of electric bicycles, companies are not left out.
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