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HQ LLP leases an airplane from GE Aviation. At the end of the lease agreement, the aircraft will have 3 0 % economic life remaining,

HQ LLP leases an airplane from GE Aviation. At the end of the lease agreement, the aircraft will have

30 %

economic life remaining, and

25 %

residual value. Also, HQ LLP has the option to buy it at

50 %

lower than the market price. Can HQ LLP enjoy the potential tax benefit of the lease agreement?

Group of answer choices

Yes

Insufficient information

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