Which of the Following Is Not a Condition Under Which

Multiple Choice

Which of the following is not a condition under which the lessee must record the lease of an asset?

A) The lease contains a bargain purchase option.
B) The lease transfers ownership of the property to the lessee.
C) The lease term is equal to 60% of the economic life of the lease property.
D) The present value of the lease payments is 90% of the fair value of the leased property.