The Criteria That Normally Need to Be Recognised for a Non-Cancellable

Multiple Choice

The criteria that normally need to be recognised for a non-cancellable lease to be capitalised by a lessee IAS 17/AASB 117) is:

A) The lease term is for the major part of the economic life of the asset
B) At the inception of the lease,the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset
C) Both A and B
D) Either A or B