Which of the following conditions would not be considered by companies reporting under ASPE when determining if a lease should be classified as a capital lease or an operating lease?

Question

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Under ASPE, a lease is classified as a capital lease if it meets certain criteria such as transfer of ownership, a bargain purchase option, or if the present value of lease payments is equal to or greater than 90% of the asset's fair value. The condition of a specialized asset is not a criterion under ASPE for lease classification.

Which of the Following Conditions Would Not Be Considered by Companies