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Old 04-16-2012, 03:55 PM
Oakleaf landscape Oakleaf landscape is offline
LawnSite Senior Member
 
Join Date: Mar 2010
Location: East Coast
Posts: 620
Yea guys, you need to see your CPA about leasing equipment. There are a few rules that apply. If your lease meets certain standards, then you actually treat the equipment as you bought it and you actually depreciate it, even though it's not yours. It can be confusing, but there are advantages and disadvantages to both.
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