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If a firm does not expect to owe taxes for a few years and needs some equipment, the firm should: 1) Lease the equipment and
If a firm does not expect to owe taxes for a few years and needs some equipment, the firm should: 1) Lease the equipment and retain the tax benefits. O2) Lease the equipment with the lessor retaining the tax ownership of the asset. 3) Borrow the money to buy the asset and then depreciate it using CCA depreciation. 4) Buy the equipment with cash and depreciate it using CCA. 5) Buy the equipment and depreciate it straight-line over the life of the asset. Which of the following statements is true? 1) Being the legal owners, lessors can claim full CCA for all assets. 2) Even with ownership, lessors may claim full CCA on exempt assets only. 3) As agreed, lessees are allowed to claim the CCA and the lease payment. O 4) The specified leasing property rules discriminate against lessees for non- exempt assets
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