On June 1, 2019, Norm leases and places into service a 100% business-use passenger auto....

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Accounting

On June 1, 2019, Norm leases and places into service a 100% business-use passenger auto. The lease payments are $1,000 per month. Assuming the dollar amount from the IRS table for such leases is $241, Norms net deduction (after the lease inclusion amount) is $

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