Question: Gap list five criteria for determining when a lease should be classified as financially lease by at least which of the following is a criteria

Gap list five criteria for determining when a lease should be classified as financially lease by at least which of the following is a criteria the least term equals the remaining estimated usual life of the lease property the lease agreement provides the transfer of ownership of lease property the present value of lease payments equals or exceed

35 %

of the fair value of the property guarantee value police property

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