Question: If the IRS determines that a contract is a non-tax-oriented lease, a. the lessor is entitled to depreciation and any investment tax credits. b. the

If the IRS determines that a contract is a non-tax-oriented lease,

a. the lessor is entitled to depreciation and any investment tax credits.
b. the lessor bears the responsibility of maintenance expenses.
c. the lessor is entitled to the tax benefits of ownership.
d. the lessee retains the tax benefits and pays for maintenance on the asset.

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