opts Use the general requirements of 5162 (business deductions) to determine if the following expense is deductible. Specifically, in short answer format, discuss how each requirement is or is not met in the below text box. Mr. Henry, an accountant, purchased a yacht this year as part of his advertising campaign. He named the yacht "Miss Deduction" and flew a flag with the numbers "1040" on it and his company name below. He used the boat often as he visited marinas in the Miami area. He won three new clients this year from the attention his boat received. He would like to deduct the yacht expenses he incurred this year