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Home Q & A Board Other Fields Homework Help Business Accounting
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mkendrick08 mkendrick08
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6 years ago
On March 1 of the current year, Hill Corporation leased sound equipment from McEntire Company. The equipment has a life of 8 years. There is no bargain purchase option or passage of title. For the lease to be considered a capital lease, it must have a term of at least ________.
A) 5 years
B) 6 years
C) 3 years
D) 8 years
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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mr3stepsmr3steps
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6 years ago
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mkendrick08 Author
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#2
6 years ago
Thank you for your assistance, again and again
wrote...
#3
6 years ago
My pleasure
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