In computing the present value of the minimum lease payments, the lessee should a. use either its incremental borrowing rate or the implicit rate of the lessor, whichever is lower, assuming that the implicit rate is known to the lessee b. use either its incremental borrowing rate or the implicit rate of the lessor, whichever is higher, assuming that the implicit rate is known to the lessee. c: use its incremental borrowing rate in all cases d. some of these. Which of the following is a correct statement of one of the capitalization criteria? a The lease transfers ownership of the property to the lessor b. The lease contains a bargain purchase option. c. The lease term is equal to 75% of the estimated economic life of the leased property. d. The minimum lease payments (excluding executory costs) equal or exceed 90% of the far value of the leased property. Executory costs include a. maintenance. b. Legal fees. c. finders' fees. d. all of these