Determine lana''s deduction for the lease payments


On March 1, 2009, Lana leases and places in service a passenger automobile. The lease will run for five years and the payments are $900 per month. During 2009, she uses her car 20% for business and 80% for personal activities. Assuming the dollar amount from the IRS table is $233, determine Lana's deduction for the lease payments.

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Accounting Basics: Determine lana''s deduction for the lease payments
Reference No:- TGS088419

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