Describe the differences between leasing a piece of equipment and purchasing it outright and financing the purchase with a loan. Then, compare the lease payments to the loan payments. Next, compare the tax benefits. What are the differences at the end of the lease and the loan? Which is better for a corporation, leasing or purchasing equipment outright? Lastly, identify the factors that would impact this decision and explain your reasoning with examples.

(the previous answer did not satisfy me, for example it did not clearly explain the tax implications)