Multiple Choice
Which of the following is not one of the conditions for a capital lease?
A) The lease term exceeds 90% of the estimated economic life of the property.
B) The lease term equals or exceeds 75% of the estimated economic life of the property.
C) Title is transferred to the lessee by the end of the lease.
D) The present value of the lease payments is at least 90% of the leased asset's fair value at the start of the lease term.
E) The lease contains a bargain purchase option.
Correct Answer:
Verified
Correct Answer:
Verified
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