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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%

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% higher than the market price if it wants to cancel the lease early. Can HQ LLP enjoy the potential tax benefit of the lease agreement

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