Two-Car Magic Formula  
   
Step 1. Examine the chart at the bottom to see the results in this example.  
Step 2. Enter both your before and after data below, then examine the chart.  
Step 3. Ignore error messages until you complete your input of data  
The way you are--the BEFORE column -- enter the following:  
  Vehicle 1 Vehicle 2    
Business miles per year  
Total miles per year  
Cost/value of vehicle    
Estimated selling price    
   
 
The way you could be--the AFTER column--enter the following:  
Business miles per year--vehicle 2  
Total miles per year for vehicle 2  
Estimated selling price vehicle 1    
Estimated selling price vehicle 2    
   
 
  Before After  
  Vehicle 1 Vehicle 2 Vehicle 1 Vehicle 2  
Business miles
Total miles      
Business %  
Cost/value of vehicle  
Estimated selling price  
Loss in value  
Tax Deductions  
Totals  
 
Results--the winner is  
Dollar amount  
Percentage   Copyright 2011 W. Murray Bradford, CPA