Which of the Following Is a Correct Statement Regarding One

Multiple Choice

Which of the following is a correct statement regarding one of the ASPE capitalization criteria?

A) The lease transfers ownership of the property to the lessor.
B) The lease must contain a bargain purchase option.
C) The lease term is 75% or more of the leased property's estimated economic life.
D) The fair value of the minimum lease payments is equal to 90% or more of the present value of the leased asset.