From the Lessee's Point of View, a Lease Qualifies as a Finance

Multiple Choice

From the lessee's point of view, a lease qualifies as a finance lease if it contains which one of the following?

A) The lease term is for a major part of the asset's economic life.
B) Title to the lease remains with the lessor
C) The lease does not contain a bargain purchase option
D) The present value of the minimum lease payments is at least 60% of the asset's fair market value