Yes, generally the lease payments are deductible HOWEVER that is about to change. You will want to bring yourself up to date on this very hot topic. The new FASB rules are set to change all that! There has been quite alot of push back and if this rule change goes through in its current form much of our analysis metrics will have to change as well. A bit too complicated for this format. Google something like: FASB lease accounting new rules.
Jun 16, 2011