Asked by Abigail Rodriguez on Jun 18, 2024
Verified
Provide a definition of a tax-oriented lease.
Tax-Oriented Lease
This is a leasing arrangement in which the lessor retains ownership of the asset and enjoys tax advantages, such as deductions for depreciation, while the lessee benefits from using the asset.
- Recognize the various categories of leases and their distinctive features.
Verified Answer
ES
Emily SalyerJun 19, 2024
Final Answer :
A financial lease in which the lessor is the owner for tax purposes. Also called a true lease or a tax lease.
Learning Objectives
- Recognize the various categories of leases and their distinctive features.