Which one of the following characteristics of a lease would not cause the lease to be classified
Question:
a. Lease ownership transfers to the lessee at the end of the lease.
b. The present value of the lease payments at the beginning of the lease is 90% or more of the fair market value of the leased asset.
c. The lease term is equal to 50% of the estimated economic life of the asset.
d. The lease contains a bargain purchase option.
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The correct answer is C If the le...View the full answer
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Related Book For 
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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