Multiple Choice
Which of the following qualifies as a capital lease?
A) Four-year cancelable lease on a company vehicle.
B) One-year lease on a computer with an option to renew for one more year.
C) Five-year lease on a machine that has a five-year useful life.
D) Monthly lease on office space that can be canceled with 30 days' notice.
Correct Answer:

Verified
Correct Answer:
Verified
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