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Q: I would like to purchase a bicycle for my business that I would use instead of my car to get to my client sites at home and when I travel. I would also use the bike to attend promotional bike centric networking events put on by groups promoting small businesses in the area. Is this a legal expense, since I will be using the bicycle as a means of promoting my company?
A: If the bike is indeed purchased primary for business, then it indeed would be a deductible business expense. The personal usage of the bike, as it