If a lease is extended for a length of time that is equal to the entire useful life of the equipment, the lease:
a.is referred to as an operating lease.
b.carries no income tax deduction.
c.is a financial lease.
d.will be terminated by the IRS.
a.is referred to as an operating lease.
b.carries no income tax deduction.
c.is a financial lease.
d.will be terminated by the IRS.
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