Business Equipment Leasing
Can I get out of a lease if the leasing company never signed anything?
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Question
Are lease payments for computer equipment tax deductible?
i have an assignment about leasing, so this is just a general question. The lease is used for business purposes, at a fixed rate.
2 months ago - 3 answers
Best Answer
Chosen by Asker
If it is an operating lease, then the full amount of each payment is deductible. If it is a capital lease, then only the amount related to interest would be deductible and the equipment would be depreciated.
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Accountant
2 months ago
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Other Answers
yes
by donmustard@sbcglobal.net- 2 months ago
Depends whether it is capital or operating my man
by avataz_99- 2 months ago