Which one of these conditions must be met for a lease to qualify as a capital lease?
A) the lease contains a bargain purchase price at the end of the lease
B) the lease term is equal to 75% or more of the estimated life of the leased property
C) the present value of the minimum lease payments equals 90% or more of the fair value of the leased property at the inception of the lease.
D) all of the other answers are correct.
Correct Answer:
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