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What does the IRS require if lease payments are to be tax deductible? Multiple Choice The initial present value of the lease payments must be
What does the IRS require if lease payments are to be tax deductible?
Multiple Choice
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The initial present value of the lease payments must be less than 90 percent of the asset cost.
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The lease payments must be less than comparable loan payments if the asset were purchased.
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The lease term must be less than the life of the asset.
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The lease must be primarily for business purposes.
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The lessee should have the option to purchase the asset at a discounted price at the end of the lease term.
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