Which of the following is not a condition under which the lessee must record the lease of an asset?
A) The lease contains a bargain purchase option.
B) The lease transfers ownership of the property to the lessee.
C) The lease term is equal to 60% of the economic life of the lease property.
D) The present value of the lease payments is 90% of the fair market value of the leased property.
Correct Answer:
Verified
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