A tax client who owns a business wishes to either purchase or lease a new Lexus. The cars's purchase price is $50,000 and she expects to drive the car about 80% for business. Please compare and contrast the tax deductions under the two scenarios and then make a recommendation. Submission Requirements:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A tax client who owns a business wishes to either purchase or lease a new Lexus. The cars's purchase price is $50,000 and she expects to drive the car about 80% for business. Please compare and contrast the tax deductions under the two scenarios and then make a recommendation. Submission Requirements:

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