If a Lease Is Classified as a Capital Lease Because

Multiple Choice

If a lease is classified as a capital lease because the lease agreement contains a bargain purchase option, the time period to be used by the lessee to amortize the leased property is

A) the lease term
B) the expected economic life of the property
C) the lease term or the expected economic life of the property, whichever is shorter
D) the maximum amortization period for intangible assets