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 California Code of Regulations (Last Updated: August 6, 2014)
 Title 18. Public Revenues
 Division 2. State Board of Equalization -Business Taxes
 Chapter 4. Sales and Use Tax
 Article 13. Credit Transactions
 Appendix 2. Consolidation of Allowable Bad Debt Deduction for Multiple Repossessed Vehicles Using PRO Rata Method

  Appendix 2. Consolidation of Allowable Bad Debt Deduction for Multiple Repossessed Vehicles Using PRO Rata Method  

(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
(J)
(K)
(L)
(M)
(N)
Repos-
Date of
Sales
Sales
Total
Finance
Net
Value of
session
Repos-
Price of
Tax
License
Insurance
Sales
Down
Balance to
Charges
Contract
Repos-
Loss Per
session
Car#
Mdse A
(6%)
Fee
(Net) B
Price
Payment
Finance
(Net) C
Balance
Payments
session
Records
 
[C*.06]
[C...F]
[G-H]
[I+J]
 
09-30-00
507
$ 9,000
$ 540
$160
$200
$ 9,900
$2,000
$ 7,900
$ 400
$ 8,300
$1,900
$ 5,000
$1,400
10-27-00
521
8,000
480
140
160
8,780
1,700
7,080
350
7,430
1,650
4,400
1,380
11-04-00
540
6,000
360
110
120
6,590
1,300
5,290
260
5,550
1,250
3,300
1,000
12-09-00
575
5,000
300
90
1 00
5,490
1,100
4,390
200
4,590
1,000
2,700
890
 
Totals
$28,000
$1,680
$500
$580
$30,760
$6,100
$24,660
$1,210
$25,870
$5,800
$15,400
$4,670
(1)
(2)
(3)
[Computation of the Taxable Percentage of Loss:
$28,000
$30,760
Computation of Allowable Deduction:
91.03% x $4,670
___________________
A Includes taxable amounts, such as doc and smog fees.
B Original insurance charge less rebate of unearned premium.
C Total finance charges per contract less unearned charges.