We are a small business in California who is growing and need more computer equipment, office furniture and other business items. What are the benefits to leasing equipment and office furniture over the purchase of such items?

Leasing Equipment

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The advantage would be that you get to take the lease payments in total each year. But you do not get to depreciate the property since you don't actually own it. The opposite is true for owning the property. You get to depreciate (including taking the 50% bonus depreciation or the 179 deduction) property you own starting in the year you purchase it or place it into service.

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We are a small business in California who is growing and need more computer equipment, office furniture and other business items. What are the benefits to leasing equipment and office furniture over the purchase of such items?

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We are a small business in California who is growing and need more computer equipment, office furniture and other business items. What are the benefits to leasing equipment and office furniture over the purchase of such items?

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