Answer Happy

Suppose you were researching about direct and leveraged leases and found the following leverage lease announcement: This announcement appears as a matter of record only MLI $3,605,100 Muster Laboratories Inc. 10 Year Leveraged Lease of 12 MRI Machines Equity Funds of $1,081,530 were provided by Liberal Credit Company Debt funds of $2,523,570 were provided by institutional lenders Weghorst Co. & Counter Credit Co. The undersigned arranged the financing for this leveraged lease transaction. Hack Wellington Associates Scorecard Corporation Answer the following based on your understanding of leveraged leases: Which company is the lessee in this agreement? Weghorst Co. Muster Laboratories Inc. Counter Credit Co. Liberal Credit Co. Which company would receive the tax benefits from interest expense and depreciation deductions? Liberal Credit Co. Weghorst Co. Counter Credit Co. Muster Laboratories Inc.