Which of the following criteria would not apply in determining if a lease is a capital lease
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Question:
Which of the following criteria would not apply in determining if a lease is a capital lease if the beginning of the lease term falls within the last 25% of the total estimated economic life of the leased asset?
a) The lease is non-cancelable.
b) The contains a bargain purchase option
c) The lease transfers ownership of the property to the lessee by the end of the lease term
d) The lease term is equal to 75% or more of the estimated economic life of the leased property.
Related Book For
Managing in a Global Economy Demystifying International Macroeconomics
ISBN: 978-1285055428
2nd edition
Authors: John E. Marthinsen
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