Leased vehicle depreciation

[ILLMAS]

How do you set up a leased vehicle for depreciation? For example if a car is leased for 36 months, do you still depreciate for 5 years? I have never encountered a leased situation before.

Thanks

MAS

[kcjenkins]

See Pub 463, starting at page 23. Good examples.

[ILLMAS]

Thanks, will do that.