Under CICA section 3065, a capital lease exists if the lease term is equal to 50% or less of the estimated economic life of the property.

Name: Under CICA section 3065, a capital lease exists if the lease term is equal to 50% or less of the estimated economic life of the property.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Under CICA section 3065, a capital lease exists if the lease term is equal to or greater than 75% of the estimated economic life of the property.

Under CICA Section 3065, a Capital Lease Exists If the Lease