Question: A necessary condition for a sales - type lease is:A ) Legal title to the asset transfers to the lessee.B ) The present value of

A necessary condition for a sales-type lease is:A)Legal title to the asset transfers to the lessee.B)The present value of minimum lease payments exceeds the lessor's cost.C)The lessor earns interest revenue instead of dealer's profit.D)The lessor earns dealer's profit instead of interest revenue.

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