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Statement I. A leasehold improvement that becomes the property of the lessor at the end of the lease term is a donation from the lessee.
Statement I. A leasehold improvement that becomes the property of the lessor at the end of the lease term is a donation from the lessee.
Statement II. A leasehold improvement that becomes the property of the lessor at the expiration of the lease term is included in gross taxable income of the lessor.
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