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One of the most common decisions facing business is how to finance and account for the acquisition of a motor vehicle. This edition considers a number of the more common means of financing the acquisition of a motor vehicle and looks at the accounting and income tax connotations of using the various methods. It also looks at the impact each form of financing has on claiming input tax credits and considers the Luxury Motor Vehicle Cost Limit and its impact on the purchase of a vehicle through the various financing regimes.
