Which of the Following Is Not a Condition Which Would

Multiple Choice

Which of the following is not a condition which would require the recording of a lease contract as a capital lease?

A) The lease transfers ownership of the property to the lessee.
B) The lease contains a bargain purchase option.
C) The lease term is less than 75% of the economic life of the leased property.
D) The present value of the lease payments equals or exceeds 90% of the fair market value of the leased property.