Ordinary and necessary expenses do not include amounts allowed by the Internal Revenue Service for accelerated depreciation expenses or investment tax credits or any other business expenses determined by the court to be inappropriate for determining income for purposes of child support. The person seeking to deduct an expense, including depreciation, has the burden of proving, if challenged, that the expense is ordinary and necessary. The accounting expert who reviewed the Datasite records found the Datasite records were poor and incomplete. Appellant later claimed these personal payments were loans, but had no documentation for that claim. Because there is support for the factual finding of appellant s net monthly income, we will not disturb the resulting child support calculation.
Property valuation is a fact question addressed in the first instance by the trial court.
The trial court s discretion is broad and will be overturned only upon a clear showing that discretion was abused. Id. Valuation is necessarily an approximation and it is only required that values fall within a reasonable range. The expert acknowledged that he first attempted to set value by analyzing the reported income and bank deposits from Datasite. But missing documents, inconsistent billing records, and understated accounts receivable made it necessary for him to base his valuation primarily on a transaction between appellant and a former shareholder. This JBS file was removed from the home by appellant shortly after the petition was filed and was not subsequently produced by appellant.