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Home Q & A Board Other Fields Homework Help Business Accounting
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sorandomkay13 sorandomkay13
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5 years ago
Which of the following is not among the criteria used by a lessee to classify a lease as a capital lease?
A) The present value of the minimum lease payments is greater than or equal to 75% of the fair market value of the asset.
B) The noncancellable lease term is greater than or equal to 75% of the estimated economic life of the asset.
C) The lease specifies that ownership of the asset transfers to the lessee.
D) The lease contains a bargain purchase option.
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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Dessa D.Dessa D.
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5 years ago
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sorandomkay13 Author
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5 years ago
Genius!!!!!!
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