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4. A car with manufacturer's list Price of $29000 is lest on November 1,2005 by company for $1400 per month payable on the first day
4. A car with manufacturer's list Price of $29000 is lest on November 1,2005 by company for $1400 per month payable on the first day of each month. The term of lease is 36 months and refundable deposit is $8000 is made at the inception of the lease. In addition, the employee who drives the vehicle pays $180 per month. disregarding GST and PST, determine the maximum deductible lease for 2005 2006 and 2007 (8 marks) 4. A car with manufacturer's list Price of $29000 is lest on November 1,2005 by company for $1400 per month payable on the first day of each month. The term of lease is 36 months and refundable deposit is $8000 is made at the inception of the lease. In addition, the employee who drives the vehicle pays $180 per month. disregarding GST and PST, determine the maximum deductible lease for 2005 2006 and 2007 (8 marks)
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