Multiple Choice
If the present value of the minimum lease payments is be greater than or equal to ________, the lessee will record the lease as a capital lease.
A) 75% of the cost of the asset
B) 75% of the fair market value of the asset
C) 90% of the cost of the asset
D) 90% of the fair market value of the asset
Correct Answer:
Verified
Correct Answer:
Verified
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