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bravata bravata
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7 years ago
Which of the following is NOT a requirement of a capital lease?
A) Ownership does not transfer at lease end.
B) The agreement has a bargain purchase option.
C) The lease must cover at least 75% of asset's useful life.
D) The present value of lease payments must be 90% or more of market value of asset.
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Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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#2
7 years ago
Thank you so much

I wish I knew about this years ago
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