Leasing allows the lessee, in effect, to depreciate land, which is prohibited if the land were purchased.

Name: Leasing allows the lessee, in effect, to depreciate land, which is prohibited if the land were purchased.
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Leasing allows the lessee to expense lease payments, effectively spreading the cost over time, similar to depreciation, which is not allowed for purchased land as land is not depreciable.

Leasing Allows the Lessee, in Effect, to Depreciate Land, Which