The 7.5 hours in the classroom are just the starting point. On average, teachers are at school an additional 90 minutes beyond the school day for mentoring, providing after-school help for students, attending staff meetings and collaborating with peers.
A capital lease is treated like a loan, and the asset is considered owned by the lessee. The tax advantages of operating leases are especially significant for fixed assets such as lighting that are generally depreciated over a very long term (39 years), since the entire lease payment is tax deductible.
Let's look at the types of equipment lease transactions each recognizes, and the qualifications of each: Tax Accounting (IRS) The IRS considers all leases to fall under one of two types: â¢ True Tax Lease (or True Lease): The lessor is the owner of the equipment (in regards to federal income tax purposes) and receives the tax benefits of ownership ...