One advantage of leasing equipment is that lease payments represent an expense and can be used as a tax deduction.

Name: One advantage of leasing equipment is that lease payments represent an expense and can be used as a tax deduction.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Lease payments are considered as an operating expense, which can be deducted from taxes as a business expense. This makes leasing equipment attractive to businesses as it helps to minimize tax liabilities.

One Advantage of Leasing Equipment Is That Lease Payments Represent