| Operating Lease Features | |
| No Down Payment | |
| Off Balance Sheet Acquisition | |
| Early return and purchase options | |
| Avoids Bank Covenant restrictions | |
| Taylor Leasing takes risk of ownership | |
| Eliminates Alternative Minimum Tax (AMT) concerns | |
| Market Value purchase option | |
| Master Lease / Line of Credit Availability | |
| Operating Lease Topics for Discussion | |
| Jobs Growth and Tax Relief Reconciliation Act of 2003 (JGTRRA) ends 12-31-04 | |
| IRS Section 179 and FASB Guidelines | |
| 100% pre-tax expense of rental payment (usually shorter than IRS) | |
| Improves production efficiency and cash flow | |
| User friendly documentation | |
| 75% useful life of equipment | |
| 90% rule | |
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