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Author Question: On January l Grace leases and places into service an automobile with a FMV of $39,000. The business ... (Read 42 times)

saliriagwu

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on: Sep 13, 2020
On January l Grace leases and places into service an automobile with a FMV of $39,000. The business use of the automobile is 60%. The "inclusion amount" for the initial year of the lease from the IRS tables is $20. The annual lease payments are $8,000. What are the tax consequences of this lease?
◦ deduction for lease payments of $4,782
◦ deduction for lease payments of $4,800
◦ deduction for lease payments of $6,000
◦ deduction for lease payment of $8,982
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by saliriagwu on Sep 13, 2020

lkoler

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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saliriagwu

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Reply 2 on: Sep 13, 2020
Excellent

olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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