Which of the Following Questions Is Asked with Respect to Determining

Multiple Choice

Which of the following questions is asked with respect to determining the accounting for leases?

A) Is the lease term greater than 90% of the asset's estimated life?
B) Is the present value of the payments greater than 75% of the asset's fair market value?
C) Does the lease provide for an opportunity for the lessee to purchase the leased asset during the lease term at fair market value?
D) Does the lease provide for a transfer of title of the leased asset at the end of the lease term to the lessee?