A Lessor Finds a Lease Attractive from a Tax Viewpoint

question 32

Multiple Choice

A lessor finds a lease attractive from a tax viewpoint because he:

• A)need not pay taxes on his assets so long as they are leased out.
• B)gets a tax deduction from his lease payment.
• C)can use the lease payment to lower his taxable income.
• D)can use the capital cost allowance tax shield from ownership.

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Definitions:

Negative Thoughts

Mental processes or statements that reflect pessimism, criticism, or defeat, often affecting one's outlook and mental health.

Alcohol-Related Diseases

Health conditions directly influenced or caused by the excessive consumption of alcohol, such as liver cirrhosis, alcohol use disorder, and certain types of cancer.

OTC Medication Abuse

The misuse of over-the-counter drugs in a manner not intended by the manufacturing company or doctor’s prescription, often leading to health issues.

Trouble Sleeping

A difficulty in falling or staying asleep, which can affect overall health and quality of life.