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4. (TCOs 3, 4, 5, & 7) On August 1, 2009, Moore leases and places in service a passenger automobile. The lease will run for
4. (TCOs 3, 4, 5, & 7) On August 1, 2009, Moore leases and places in service a passenger automobile. The lease will run for five years, and the payments are $600 per month. During 2009, he uses his car 80% for business and 20% for personal activities. Assuming the dollar amount from the IRS table is $160, determine Moore's inclusion amount
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