Under ASPE, a lease is generally classified as a capital lease if the lease term is equal to ______ or more of the economic life of the leased property.

Name: Under ASPE, a lease is generally classified as a capital lease if the lease term is equal to ______ or more of the economic life of the leased property.
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Under ASPE (Accounting Standards for Private Enterprises), a lease is classified as a capital lease if the lease term is equal to 75% or more of the economic life of the leased property.

Under ASPE, a Lease Is Generally Classified as a Capital