Identify whether the following characteristics/facts are relevant to a finance (capital)lease.
$$\begin{array} { | l | c | }
\hline \text { Lease is for land. } & \text { Yes / No } \
\hline \text { The lease contains a bargain purchase option after } 3 \text { years. } & \
\hline \text { Lease is for manufacturing equipment. } & \
\hline \text { Minimum lease payments comprise } 80 \% \text { of the fair value of the leased asset. } & \
\hline \text { Lease does not transfer title to the lessee at the end of the lease. } & \
\hline \text { Lease payments exclude executory costs. } & \
\hline
\end{array}$$

Question

Identify whether the following characteristics/facts are relevant to a finance (capital)lease.
 $$\begin{array} { | l | c | } 
\hline \text { Lease is for land. } & \text { Yes / No } \
\hline \text { The lease contains a bargain purchase option after } 3 \text { years. } & \
\hline \text { Lease is for manufacturing equipment. } & \
\hline \text { Minimum lease payments comprise } 80 \% \text { of the fair value of the leased asset. } & \
\hline \text { Lease does not transfer title to the lessee at the end of the lease. } & \
\hline \text { Lease payments exclude executory costs. } & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Identify whether the following characteristics/facts are relevant to a finance (capital)lease.
 $$\begin{array} { | l | c | } 
\hline \text { Lease is for land. } & \text { Yes / No } \
\hline \text { The lease contains a bargain purchase option after } 3 \text { years. } & \
\hline \text { Lease is for manufacturing equipment. } & \
\hline \text { Minimum lease payments comprise } 80 \% \text { of the fair value of the leased asset. } & \
\hline \text { Lease does not transfer title to the lessee at the end of the lease. } & \
\hline \text { Lease payments exclude executory costs. } & \
\hline
\end{array}$$

Identify Whether the Following Characteristics/facts Are Relevant to a Finance