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01/26/2012 at 02:08PM PST
We’ve seen a scam e-mail regarding Intuit tax information floating around today. This e-mail was not sent or authorized by Intuit. If you ever wonder whether an e-mail from Intuit is real or fake, please refer to the link below.

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http://security.intuit.com/security-alerts.php
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06/11/09 12:36pm PDT
Viewed by asker 02/24/10 2:34pm PST

Buy-Out of a Leased Asset

US QuickBooks Premier : 2009: Accountant

Do you book an asset that was leased and bought out at the end of the lease as a fixed asset when this buy out occurs and then begin depreciating it? If so, how do you determine what life you depreciate this at from here going forward?

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Assuming that it was properly treated as a true lease originally, yes. Depreciable life is as if you'd bought the asset without having previously leased it.

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