Which of the Following Statements Regarding Leases and Taxes Is

question 14

Multiple Choice

Which of the following statements regarding leases and taxes is FALSE?

• A)In a non-tax lease,the lessee can deduct the interest portion of the lease payments as an interest expense.
• B)In a true tax lease,the lease payments are treated as revenue for the lessor.
• C)In a true tax lease,the lessee receives the depreciation deductions associated with the ownership of the asset.
• D)The IRS separates leases into two broad categories: true tax leases and non-tax leases.

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