Question: Question 15: PVE-0002 Need a hint? See Reference... Which of the following is a characteristic of a capital lease? The lease term is substantially less

Question 15:

PVE-0002

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See Reference...

Which of the following is a characteristic of a capital lease?

The lease term is substantially less than the estimated economic life of the leased property.

The lease contains a bargain-purchase option.

The present value of the minimum lease payments at the beginning of the lease term is 75% or more of the fair value of the property at the inception of the lease.

The future obligation does not appear in the balance sheet of the lessee.

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