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mantparn mantparn
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7 years ago
Under FASB Standard No. 13, which of the following element should be present to qualify as a capital lease?
A) The lease does not transfer ownership of the property to the lessee by the end of the lease.
B) The lease contains an option to purchase the property at a "bargain" price.
C) The lease term is less than 50 percent of the economic life of the property.
D) At the beginning of the lease, the present value of the lease payment is equal to 50 percent or more of the fair market value of the leased property less any investment tax credit received by the lessor.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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donnabandonnaban
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7 years ago
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mantparn Author
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#2
7 years ago
Thanks for the assistance, I've marked your post as best answer
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