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On March 1, 2013, Lana leases and places in service a passenger automobile. T

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Question;82.On March 1, 2013, Lana leases and places in service a passenger automobile. The lease will run for five years and the payments are $500 per month. During 2013, she uses her car 60% for business and 40% for personal activities. Assuming the dollar amount from the IRS table is $20, determine Lana?s inclusion as a result of the lease.A.$0.B.$10.C.$17.D.$20.E.None of the above.

 

Paper#49057 | Written in 18-Jul-2015

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