Which of the Following Is NOT One of the Four

Which of the following is NOT one of the four elements in the Canadian Institute of CharteredAccountants (CICA) definition of a financial lease.

A) The lease term is equal to 75% or more of the estimated economic life of the property.
B) At the beginning of the lease, the present value of the lease payments is equal to 80% or more of the fair market value of the leased property.
C) The lease transfers ownership of the property to the lessee by the end of the lease term.
D) The lessee has an option to purchase the property at a bargain price, a price below the fair market value, when the lease expires.