Multiple Choice
Which of the following is one of the lease capitalization criteria under ASC 842?
A) The minimum lease payments (excluding executory costs) equal or exceed 90% of the fair value of the leased property
B) The lease transfers ownership of the property to the lessor
C) The lease contains a purchase option
D) The lease term is a major part of the asset's economic life, not near the end of the asset's life
Correct Answer:
Verified
Correct Answer:
Verified
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