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Are lease payments for computer equipment tax deductible?

i have an assignment about leasing, so this is just a general question. The lease is used for business purposes, at a fixed rate.

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3 Responses to “Are lease payments for computer equipment tax deductible?”

  1. John Cleveland on August 8th, 2009

    If it is an operating lease, then the full amount of each payment is deductible. If it is a capital lease, then only the amount related to interest would be deductible and the equipment would be depreciated.

  2. donmustard@sbcglobal.net on August 8th, 2009

    yes

  3. avataz_99 on August 8th, 2009

    Depends whether it is capital or operating my man

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