All of the following are benefits of leasing except: They have the ability to shift the tax benefits from depreciation and other deductions from a lessee thathas little or no taxable income to a lessor that has substantial taxable income. They provide flexibility to change capacity as needed without having to purchase or sell assets. They have the ability to reduce the risk of technological obsolescence, relative to outright ownership, by maintaining the flexibility to shift to technologically more advanced assets. Does not create a liability on the balance sheet