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Of the Four Criteria for a Capital Lease,which Two Are

Question 1

Multiple Choice

Of the four criteria for a capital lease,which two are not applied if the lease begins during the final quarter of the asset's useful life?


A) The 75% test and the bargain purchase option.
B) The 90% test and the 75% test.
C) The 90% test is the only one to which this applies.
D) The bargain purchase and the passage of title criteria.

Correct Answer:

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