Question: The IRS will disallow any lease that: Question 3 options: Has a lease term in excess of three years. Has a lease term that is

The IRS will disallow any lease that:
Question 3 options:
Has a lease term in excess of three years.
Has a lease term that is less than one-half of the economic life of the asset.
Involves a lessee that has net operating losses.
Allows the lessee to purchase the asset below fair market value at the end of lease term.
Reduces the combined tax obligations of the lessor and the lessee.

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