How the amounts involved are reversed


Roy, the regional manager for a national retail drugchain, is based in Detroit. During March and April of this year, hehas to replace temporarily the district manager in Cleveland.During this period, Roy flies to Cleveland on Sunday night, spendsthe week at the district office, and returns home to Detroit onFriday afternoon The cost of returning home is $560, while the costof spending the weekend in Cleveland would have been$420.

a. Presuming no reimbursement by his employer, how much,if any, of these weekend expenses may Roy deduct?

b. Would your answer in (a) change if the amountsinvolved are reversed (i.e., the trip home cost $420; staying inCleveland would have been $560)?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How the amounts involved are reversed
Reference No:- TGS0722657

Expected delivery within 24 Hours