Question: Identify whether the following are lease characteristics relevant to the classification of a lease as a finance (capital) lease for the lessor. b. C. d.

Identify whether the following are lease characteristics relevant to the classification of a lease as a finance (capital) lease for the lessor.

b. C. d. C. f. Lease transfers title to the lessee at

b. C. d. C. f. Lease transfers title to the lessee at the end of the lease. Lease payments include payments for related non-lease components. Lease transfers substantially all risks and rewards of ownership. Lease is for tangible property. Lease is for intangible property. Lease is considered long term. Yes/No

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a Yes b Yes c Yes d Yes e No f No The criteria used to classify a lease as a finance capital lease f... View full answer

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