Then, to determine the annual depreciation for the asset, the depreciable basis is divided by the estimated life span of the asset. For example, if a manufacturing machine costs $1,200 and is expected to be worth $200 at the end of its useful life, its depreciable basis is $1,000.
Early Car Lease Termination. You decided to lease a car. Then, a year or two into your lease agreement, something changes. You need to get out of your lease early. The truth is, anyone can break their lease at any timeâyou just need to know the consequences. If you take the right steps, you can end your lease early and avoid costly penalties.
Best Answer: The only age limit is that you be old enough to sign a legally enforceable document (lease contract), which in most states is 18 years old.In some states the age is higher.However, having your sister actually lease the car would require that it be registered and insured in her name. She would have to make the payments. You could be listed as a regular driver on her insurance.o right now i am only 17 and have a job which pays a good amount so that i can afford to lease/buy a car. Since i am a minor any car used/new can not go in my name since i plan on buying it or leasing it.