If a firm owns an asset, it might be able to deduct depreciation expenses. takin

Question

If a firm owns an asset, it might be able to deduct depreciation expenses. taking it a step further, if a firm leases an asset under an operating lease, what expenses, if any, can it deduct?
A) a firm that leases an asset can still deduct depreciation expenses with regard to the asset.
B) a firm that leases an asset can deduct the fair market value of the asset.
C) a firm that leases an asset can deduct all costs associated with the asst except the lease payments
E) a firm that leases an asset can deduct the lease payments as ordinary and necessary business expenses.

If a firm owns an asset, it might be able to deduct depreciation expenses. taking it a step further, if a firm leases an asset under an operating lease, what expenses, if any, can it deduct?
A) a firm that leases an asset can still deduct depreciation expenses with regard to the asset.
B) a firm that leases an asset can deduct the fair market value of the asset.
C) a firm that leases an asset can deduct all costs associated with the asst except the lease payments
E) a firm that leases an asset can deduct the lease payments as ordinary and necessary business expenses.


A) a firm that leases an asset can still deduct depreciation expenses with regard to the asset.
B) a firm that leases an asset can deduct the fair market value of the asset.
C) a firm that leases an asset can deduct all costs associated with the asst except the lease payments
E) a firm that leases an asset can deduct the lease payments as ordinary and necessary business expenses.

Explanation / Answer

i think that

A) a firm that leases an asset can still deduct depreciation expenses with regard to the asset.

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